Why is Sanjiv.Parant. falling/rising?

As of 09-Oct, Sanjivani Paranteral Ltd is experiencing a decline in its stock price, currently at Rs. 208.05, which reflects a decrease of Rs. 10.95 or 5.0%. The stock has hit a new 52-week low of Rs. 200 today and has underperformed its sector by 5.94%. Over the past two days, the stock has consecutively fallen, resulting in a total decline of 6.72%. Additionally, the stock's performance over the past week and month shows a significant downturn, with returns of -5.39% and -14.40%, respectively. It is also trading below all its moving averages, indicating a bearish trend. Despite a notable rise in delivery volume by 96.9% against the 5-day average, the overall sentiment appears negative, contributing to the stock's recent decline.
Broader market context reveals that while the Sensex has gained 1.47% over the past week and 1.32% over the past month, Sanjivani Paranteral Ltd has significantly lagged behind, highlighting its underperformance relative to the broader market. The stark contrast in performance is evident as the stock has fallen 45.54% year-to-date, while the Sensex has risen by 5.16% in the same period. This divergence suggests that investor sentiment towards Sanjivani Paranteral Ltd is weak compared to the overall market, exacerbating its price decline.