Why is Arcee Industries falling/rising?

As of 12-Sep, Arcee Industries Ltd is experiencing a decline in its stock price, currently at 5.82, which reflects a decrease of 0.23 or 3.8%. The stock has underperformed its sector by 5.34% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 8.35% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 21.3% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, Arcee Industries has underperformed relative to the Sensex, which has gained 1.48% over the past week while Arcee's stock has dropped by 3.80%. Year-to-date, the stock has declined by 2.51%, contrasting with the Sensex's increase of 4.82%. Over the past year, Arcee Industries has also lagged behind the benchmark, with a decline of 4.75% compared to the Sensex's slight drop of 1.28%. This persistent underperformance against the benchmark and the overall market sentiment may be contributing to the stock's current downward trajectory.