Why is Vivo Bio Tech falling/rising?

As of 28-Oct, Vivo Bio Tech Ltd. is experiencing a decline in its stock price, currently at Rs 33.24, which reflects a decrease of Rs 1.79 or 5.11%. The stock has underperformed its sector by 4.42% today and has been on a downward trend for the last two days, accumulating a total loss of 10.7% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish sentiment. The stock's performance over the past week shows a decline of 9.70%, while its one-month return is down by 10.74%. There is a notable increase in investor participation, with delivery volume rising by 637.46% against the 5-day average, suggesting some interest despite the falling price.
In the broader market context, Vivo Bio Tech's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.24% over the past week and 5.22% over the past month. This divergence highlights the stock's struggle relative to the overall market, as it has underperformed significantly year-to-date with a decline of 10.84% compared to the Sensex's increase of 8.30%. The liquidity of the stock remains adequate for trading, but the overall negative sentiment and consistent price drops indicate challenges that the company is currently facing in the market.