Why is Allied Digital falling/rising?

As of 22-Sep, Allied Digital Services Ltd is experiencing a decline in its stock price, currently at Rs 197.85, which reflects a decrease of 1.0 (-0.5%). The stock has been under pressure, having fallen for the last two days with a total return of -2.58% during this period. Today, it opened with a significant loss of -3.57% and reached an intraday low of Rs 191.75. Despite touching a high of Rs 204.3 earlier in the day, the overall performance has been impacted by a notable drop in investor participation, with delivery volume decreasing by 64.76% compared to the five-day average. In terms of longer-term performance, the stock has shown a strong return of +78.08% over three years, but it is down -15.81% year-to-date and -30.77% over the past year.
In the broader market context, the stock has outperformed the IT - Software sector today, which has declined by -2.6%. However, when comparing the stock's short-term performance over the past week, it has gained +16.69%, significantly outpacing the Sensex, which only increased by +0.46%. This indicates that while the stock is currently facing downward pressure, it has shown resilience in the short term relative to the benchmark. The liquidity remains adequate for trading, but the stock's recent price movements suggest a cautious sentiment among investors, likely influenced by the broader sector's performance and declining participation.