Why is Vivo Bio Tech falling/rising?

As of 05-Aug, Vivo Bio Tech Ltd. is experiencing a decline in its stock price, currently at Rs 32.75, which reflects a decrease of Rs 1.12 or 3.31%. The stock has underperformed today, touching an intraday low of Rs 32, which is 5.52% lower than its previous close. It is also trading below all significant moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.73% away from Rs 31.2. Over the past month, the stock has seen a significant decline of 11.13%, while its year-to-date performance shows a drop of 12.15%. The delivery volume has also decreased by 3.44% compared to the 5-day average, suggesting falling investor participation.
In the broader market context, Vivo Bio Tech's recent performance contrasts with the Sensex, which has only declined by 0.77% over the past week and has gained 3.29% year-to-date. This indicates that while the overall market is showing some resilience, Vivo Bio Tech is lagging significantly behind, with a year-to-date return of -12.15% compared to the Sensex's positive performance. The stock's underperformance relative to the benchmark and the overall market sentiment may be contributing to its current price decline.