Why is Vivid Mercantile falling/rising?

As of 04-Nov, Vivid Mercantile Ltd is experiencing a decline in its stock price, currently at Rs. 4.73, which represents a decrease of 0.45 or 8.69%. The stock has recently hit a new 52-week low of Rs. 4.4 and has underperformed its sector by 7.9%. It has been on a consecutive downward trend for the last two days, with a total decline of 10.25% during this period. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant drop in investor participation, with delivery volume falling by 94.46% compared to the 5-day average, indicating a lack of interest from investors.
In the broader market context, Vivid Mercantile's performance over the past week shows a decline of 8.51%, while the benchmark Sensex has only decreased by 1.38%. Over the past month, the stock has fallen by 16.87%, contrasting sharply with the Sensex's increase of 2.77%. Year-to-date, Vivid Mercantile's decline stands at 21.95%, while the Sensex has gained 6.81%. This stark difference highlights the stock's underperformance relative to the market, contributing to the negative sentiment surrounding it.