Why is Unilex Colour &C falling/rising?

As of 17-Nov, Unilex Colour & Chemical Ltd is experiencing a decline in its stock price, currently at Rs. 37.50, which represents a decrease of 0.95 or 2.47%. The stock has hit a new 52-week and all-time low today, indicating significant downward pressure. Additionally, it has underperformed its sector by 2.82%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, the stock has decreased by 3.85%, and it has seen a substantial year-to-date decline of 56.45%. Despite a notable increase in delivery volume, which rose by 490.91% against the 5-day average, there are no positive factors available to counterbalance the negative performance indicators.
In the broader market context, the Sensex has shown resilience with a 1-week gain of 1.72% and a year-to-date increase of 10.02%. This stark contrast highlights Unilex's significant underperformance relative to the benchmark, particularly over the past month where it has dropped 6.83% compared to the Sensex's 1.18% rise. The liquidity of the stock appears adequate for trading, but the overall market sentiment and the stock's persistent decline suggest that investor confidence remains low, contributing to its falling price.