Why is Unilex Colour &C falling/rising?

As of 16-Oct, Unilex Colour & Chemical Ltd's stock price is currently at Rs. 39.95, reflecting a decrease of Rs. 4.5 or 10.12%. The stock has hit a new 52-week low of Rs. 39.05 today and has underperformed its sector by 10.96%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has also experienced a significant drop in investor participation, with delivery volume falling by 72.22% against the 5-day average. The stock's performance over the past week shows a decline of 11.32%, and it has dropped 53.60% year-to-date, indicating a prolonged period of underperformance relative to the benchmark.
In the broader market context, the Sensex has shown positive movement, gaining 1.60% over the past week and 8.21% year-to-date, contrasting sharply with Unilex's negative returns. This divergence highlights the stock's struggles in a generally rising market. The lack of available positive factors further exacerbates the situation, as there are no indications of potential catalysts to reverse the current downward trend. Overall, the combination of poor performance metrics, declining investor interest, and a lack of supportive market conditions contributes to the stock's ongoing decline.