Why is 3i Infotech falling/rising?

As of 29-Oct, 3i Infotech Ltd's stock price is currently at Rs. 18.53, reflecting a decline of Rs. 1.97 or 9.61%. The stock has hit a new 52-week low of Rs. 18.42 today and has underperformed its sector by 10.21%. It opened with a loss of 3.51% and reached an intraday low of Rs. 18.42, indicating significant downward pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also decreased by 11.78% compared to the 5-day average, indicating falling investor participation. There are no positive factors available to counterbalance these negative indicators.
Broader market context shows that over the past week, 3i Infotech has declined by 3.54%, while the Sensex has increased by 0.68%. In the last month, the stock has dropped 11.76%, contrasting sharply with the Sensex's gain of 5.76%. Year-to-date, 3i Infotech's performance is down 29.85%, while the benchmark has risen by 8.78%. This stark underperformance against the broader market highlights the challenges faced by the company, contributing to the ongoing decline in its stock price.