Why is Vivo Bio Tech falling/rising?

As of 27-Oct, Vivo Bio Tech Ltd. is experiencing a decline in its stock price, currently at Rs 35.03, reflecting a decrease of Rs 2.36 or 6.31%. The stock has underperformed its sector by 6.19% today, following a trend reversal after three consecutive days of gains. Although it opened with a gain of 2.83% and reached an intraday high of Rs 38.45, it also hit a low of Rs 34.55, indicating high volatility with an intraday fluctuation of 5.34%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 23.51% compared to the 5-day average.
In the broader market context, Vivo Bio Tech's performance over the past week shows a decline of 2.83%, contrasting with a 0.49% increase in the Sensex. Over the past month, the stock has decreased by 5.93%, while the Sensex has risen by 5.41%. Year-to-date, Vivo Bio Tech has fallen by 6.04%, compared to an 8.50% gain in the benchmark index. This underperformance suggests that the stock is struggling relative to the overall market, contributing to the downward pressure on its price.