Why is Zenlabs Ethica falling/rising?

As of 18-Sep, Zenlabs Ethica Ltd is experiencing a decline in its stock price, currently at 31.25, reflecting a decrease of 0.75 or 2.34%. The stock has underperformed its sector today by 2.67%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has seen a return of -5.27%, while its performance over the year-to-date shows a significant decline of 20.89%. Despite a notable increase in delivery volume by 233.73% against the 5-day average, the absence of positive factors in the dashboard suggests that there are no significant catalysts to support a price recovery.
In the broader market context, the Sensex has shown a positive return of 1.80% over the past week and 6.24% year-to-date, contrasting sharply with Zenlabs Ethica's negative performance. This underperformance relative to the benchmark indicates that investor sentiment towards the stock is weak, especially as it has not kept pace with the overall market trends. The liquidity of the stock remains adequate for trading, but the persistent decline in its price and the overall negative returns over longer periods, such as -30.72% over the past year and -56.23% over three years, highlight ongoing challenges for Zenlabs Ethica in attracting investor confidence.