Why is Sanjiv.Parant. falling/rising?

As of 17-Nov, Sanjivani Paranteral Ltd is experiencing a decline in its stock price, currently at Rs. 188.00, which reflects a decrease of Rs. 13.25 or 6.58%. The stock has recently hit a new 52-week low of Rs. 170 and has been underperforming its sector by 6.86%. Over the past week, the stock has fallen by 9.62%, and it has shown a significant year-to-date decline of 50.79%. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, it has seen high volatility today with an intraday fluctuation of 7%, and while there has been a rise in investor participation, the overall performance remains weak.
In the broader market context, the Sensex has shown a positive return of 1.69% over the past week, contrasting sharply with Sanjivani Paranteral's negative performance. This divergence highlights the stock's struggles relative to the overall market. The company's significant drop in price and performance metrics, combined with the recent consecutive falls, suggest a lack of investor confidence, particularly as it continues to trade below key moving averages. The liquidity of the stock remains adequate for trading, but the prevailing negative sentiment appears to outweigh any potential positive factors at this time.