Why is Zenlabs Ethica falling/rising?

As of 24-Oct, Zenlabs Ethica Ltd is experiencing a decline in its stock price, currently at Rs 28.35, which reflects a decrease of Rs 2.99 or 9.54%. The stock has been underperforming significantly, with a consecutive fall over the last two days resulting in a total drop of 12.2%. It is also close to its 52-week low, just 3.6% away from Rs 27.33. The stock has shown poor performance over various periods, with a year-to-date decline of 28.23% and a staggering 64.16% drop over the last three years. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Investor participation has also decreased, with delivery volume falling by 15.56% against the five-day average, contributing to the stock's downward movement.
In the broader market context, the Sensex has shown a positive return of 0.31% over the past week, contrasting sharply with Zenlabs Ethica's decline of 4.93% during the same period. This underperformance against the benchmark indicates that the stock is not only struggling in isolation but is also lagging behind the overall market trend. The stock's high volatility, with an intraday fluctuation of 5.59%, suggests that investor sentiment is uncertain, further exacerbating the price decline. Overall, the combination of poor stock performance metrics, reduced investor participation, and a contrasting market environment contributes to the ongoing downward pressure on Zenlabs Ethica's stock price.