Why is Rite Zone falling/rising?

As of 17-Oct, Rite Zone Chemcon India Ltd is experiencing a decline in its stock price, currently at 21.95, which reflects a decrease of 2.05 or 8.54%. The stock has underperformed significantly, with a one-week return of -8.54%, while the benchmark Sensex has gained 1.68% during the same period. Additionally, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a slight increase in investor participation, with delivery volume rising by 11.11% against the 5-day average, the overall performance remains weak, and there are no positive or negative factors available to provide further context on the stock's movement.
Broader Market Context: In comparison to the benchmark, Rite Zone's short-term performance has been notably poor, with a one-week decline of 8.54% contrasting sharply with the Sensex's positive return of 1.68%. Over the past month, the stock has also underperformed, showing a decrease of 6.99% while the Sensex rose by 1.50%. Year-to-date, Rite Zone has plummeted by 51.28%, while the Sensex has increased by 8.73%, highlighting a significant divergence in performance between the stock and the broader market. This continued underperformance suggests that investor sentiment towards Rite Zone is currently negative, contributing to its declining stock price.