Why is 3C IT Solutions falling/rising?

As of 04-September, 3C IT Solutions & Telecoms (India) Ltd is experiencing a decline in its stock price, currently at Rs 23.27, reflecting a decrease of -1.22 or -4.98%. The stock has underperformed its sector by -4.18% today and opened with a significant loss of -4.25%. It has also touched an intraday low of Rs 23.27. Over the past week, the stock has decreased by -0.77%, and it has shown a more substantial decline of -15.38% year-to-date and -34.45% over the past year. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. There has been a notable drop in investor participation, with delivery volume falling by -37.5% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, the Sensex has shown a positive return of +0.80% over the past week, contrasting sharply with the performance of 3C IT Solutions. While the benchmark has gained +3.30% year-to-date, 3C IT Solutions has significantly lagged behind with its -15.38% return. This underperformance relative to the benchmark highlights the challenges faced by the company in attracting investor confidence and maintaining liquidity, as evidenced by its erratic trading patterns and narrow trading range. Overall, the combination of poor stock performance, declining investor interest, and unfavorable comparisons to the broader market contributes to the stock's downward movement.