Why is Aksh Optifibre falling/rising?

As of 05-Aug, Aksh Optifibre Ltd's stock price is currently at 8.01, reflecting a decrease of 0.05, or 0.62%. The stock has been underperforming, having fallen for the last three days, resulting in a total decline of 2.67% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 74.66% compared to the 5-day average, the stock's performance over the past week and month shows significant declines of 2.44% and 11.30%, respectively, while it has underperformed the sector by 0.84% today.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.77% over the past week and 3.26% over the past month. Year-to-date, Aksh Optifibre has seen a substantial drop of 30.10%, while the Sensex has gained 3.29%. This stark difference highlights the challenges faced by Aksh Optifibre in the current market environment, as it continues to lag behind broader market trends.