Why is Alfa Ica (I) falling/rising?

As of 25-Sep, Alfa Ica (India) Ltd is experiencing a decline in its stock price, currently at 89.00, which reflects a decrease of 2.3 or 2.52%. The stock has underperformed its sector by 1.87% today and has been on a downward trend for the last two days, accumulating a total loss of 3%. It opened the day with a significant gap down of 4.91%, reaching an intraday low of Rs 86.82. Additionally, the stock's delivery volume has drastically decreased by 96.79% compared to the five-day average, indicating falling investor participation. Over the past month, the stock has declined by 4.60%, while year-to-date, it has fallen by 8.15%, contrasting with a positive return of 3.49% over the past year.
In the broader market context, the stock's recent performance has been notably weaker compared to the benchmark Sensex, which has shown a slight decline of 0.58% over the past month. While the stock has outperformed the Sensex over the last week with a return of 3.49% against the benchmark's drop of 2.23%, the overall year-to-date performance highlights a significant underperformance. The stock's moving averages indicate that it is currently lower than the 20-day and 50-day averages, which may further contribute to negative sentiment among investors.