Why is Vinyoflex falling/rising?

As of 11-Nov, Vinyoflex Ltd's stock price is currently at Rs 57.30, reflecting a decline of Rs 1.9, or 3.21%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.07% during this period. It is also trading close to its 52-week low, just 3.91% above Rs 55.06. The stock's performance over the past week and month shows a decline of 0.52% and 3.16%, respectively, while year-to-date returns are down by 26.35%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. There is a notable decrease in investor participation, with delivery volume dropping by 58.95% compared to the five-day average, which suggests reduced interest in the stock.
In the broader market context, Vinyoflex's recent performance contrasts sharply with the Sensex, which has gained 0.49% over the past week and 1.66% over the past month. The stark difference in returns highlights the stock's struggles relative to the benchmark, particularly as it has underperformed significantly over the year, with a decline of 39.05% compared to the Sensex's 5.50% increase. This underperformance, coupled with the lack of positive factors to counterbalance the negative trends, reinforces the downward pressure on Vinyoflex's stock price.