Why is VXL Instruments falling/rising?

As of 29-Sep, VXL Instruments Ltd is experiencing a decline in its stock price, currently at Rs 3.30, which represents a decrease of 0.09 or 2.65%. The stock has been underperforming significantly, having fallen consecutively for the last two days, resulting in a total drop of 7.3% during this period. It is also trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock is close to its 52-week low, being only 0.91% away from Rs 3.27. Over the past week, VXL Instruments has seen a return of -8.08%, while its performance over the past month shows a decline of 14.29%. This underperformance is starkly contrasted by the IT - Hardware sector, which has gained by 5.49%. There is a notable increase in investor participation, with delivery volume rising by 295.28% against the 5-day average, indicating some interest despite the overall negative trend.
In the broader market context, VXL Instruments' performance has been significantly worse than the benchmark Sensex, which has shown a decline of only 2.18% over the past week. Year-to-date, VXL Instruments has dropped by 36.54%, while the Sensex has gained 2.85%. This stark contrast highlights the challenges faced by VXL Instruments in the current market environment. The stock's long-term performance is also concerning, with a 1-year decline of 55.41% compared to the Sensex's drop of 6.08%. Overall, the combination of poor stock performance, negative returns relative to the benchmark, and the stock's proximity to its 52-week low contributes to the ongoing decline in VXL Instruments' stock price.