Why is Ace Integrated falling/rising?

As of 06-Aug, Ace Integrated Solutions Ltd is currently priced at Rs 24.05, reflecting a decrease of Rs 0.47 or 1.92%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.02%. Today's trading has shown high volatility, with an intraday range of Rs 2.61, touching a high of Rs 26.03 and a low of Rs 23.42. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 22.61% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, Ace Integrated's performance over the past week has seen a decline of 2.55%, which is significantly worse than the Sensex's drop of only 1.13%. Over the past month, the stock has decreased by 11.12%, while the benchmark has only fallen by 3.48%. Year-to-date, Ace Integrated has underperformed dramatically, with a decline of 22.39% compared to the Sensex's gain of 3.93%. This stark contrast in performance highlights the challenges faced by Ace Integrated Solutions Ltd in the current market environment.