Why is 3i Infotech falling/rising?

As of 07-Aug, 3i Infotech Ltd's stock price is currently at 23.25, reflecting an increase of 0.25 or 1.09%. The stock has shown a trend reversal by gaining after four consecutive days of decline. Despite this positive movement today, the stock is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past week, the stock has decreased by 4.71%, while its performance over the past month shows a decline of 3.97%. Year-to-date, the stock is down 17.02%, and over the past year, it has fallen by 33.99%. However, there has been a notable increase in investor participation, with delivery volume rising by 18.38% against the 5-day average, suggesting a potential shift in market sentiment.
In the broader market context, the Sensex has experienced a slight decline of 0.69% over the past week, which indicates that while 3i Infotech has underperformed relative to the benchmark, the overall market sentiment is also subdued. The stock's year-to-date performance is significantly worse than the Sensex, which has gained 3.18% during the same period. This contrast highlights the challenges faced by 3i Infotech in attracting investor confidence compared to the broader market. Overall, while the stock has shown a slight uptick today, its long-term performance remains concerning, and the lack of available positive factors further complicates its outlook.