Why is Zim Laboratories falling/rising?

As of 30-Oct, Zim Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 74.37, which reflects a decrease of Rs 8.36 or 10.11%. The stock has underperformed its sector today by 9.77% and has fallen after two consecutive days of gains. It opened with a loss of 2.94% and reached an intraday low of Rs 73.4, marking a significant drop of 11.28%. Despite a rise in investor participation, with delivery volume increasing by 55.56% against the 5-day average, the stock remains below its 100-day and 200-day moving averages, indicating a bearish trend. Over the past year, Zim Laboratories has seen a substantial decline of 30.79%, contrasting sharply with the Sensex, which has gained 5.58% during the same period.
In the broader market context, Zim Laboratories' short-term performance over the past week shows a gain of 9.09%, while the Sensex has slightly declined by 0.18%. However, the stock's year-to-date performance is notably poor, with a drop of 30.50%, while the benchmark has risen by 8.02%. This stark contrast highlights the challenges Zim Laboratories faces in regaining investor confidence amidst high volatility and a lack of positive momentum in its recent trading activity. The liquidity of the stock remains adequate for trading, but the overall negative sentiment surrounding its performance continues to weigh heavily on its price.