Why is Salona Cotspin falling/rising?

As of 19-Aug, Salona Cotspin Ltd. is experiencing a decline in its stock price, currently at Rs 233.00, reflecting a decrease of Rs 8.05 or 3.34%. The stock has underperformed its sector by 4.63% today and opened with a loss of 2.92%. It reached an intraday low of Rs 233, indicating a significant drop. Additionally, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also seen a drastic decline of 89.13% compared to the 5-day average, indicating falling investor participation. Over the past month, the stock has decreased by 12.09%, and year-to-date, it has fallen by 15.82%, which is considerably worse than the benchmark Sensex that has gained 4.49% during the same period.
In the broader market context, the stock's performance over the past week shows a slight decline of 0.26%, while the Sensex has increased by 1.76%, highlighting a significant underperformance relative to the market. Over the last year, Salona Cotspin's stock has decreased by 20.42%, contrasting sharply with the Sensex's modest gain of 1.52%. This persistent underperformance may be contributing to negative sentiment among investors, further exacerbated by the lack of positive factors in the current market environment.