Why is Ace Soft. Exp. falling/rising?

As of 12-Nov, Ace Software Exports Ltd is experiencing a decline in its stock price, currently at Rs 288.10, which reflects a decrease of Rs 28.15 or 8.9%. The stock has been underperforming significantly, having fallen consecutively for the last two days with a total return drop of 11.67%. Today's trading saw the stock reach an intraday low of Rs 278.35, indicating high volatility with an intraday fluctuation of 7.27%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a bearish trend. The delivery volume has also decreased by 21.4% compared to the 5-day average, suggesting a drop in investor participation.
In the broader market context, Ace Software Exports Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.21% over the past week while the stock has declined by 14.66%. This underperformance is evident over the past month as well, with the stock down 19.58% compared to a 2.38% increase in the Sensex. The IT sector, in which Ace Software operates, has seen a slight gain of 2.09%, indicating that the challenges faced by Ace Software are specific to the company rather than the sector as a whole. Overall, the combination of declining stock performance, reduced investor interest, and poor relative performance against the benchmark contributes to the stock's downward trajectory.