Why is Archit Organosys falling/rising?

As of 24-Sep, Archit Organosys Ltd is experiencing a decline in its stock price, currently at Rs 47.15, which reflects a decrease of Rs 1.51 or 3.1%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 4.86% during this period. Today's trading saw the stock reach an intraday low of Rs 46.75, and the volume of shares traded has significantly decreased, with delivery volume dropping by 84.47% compared to the five-day average. Additionally, while the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average, indicating a short-term weakness. The stock's year-to-date performance shows a decline of 1.36%, contrasting with the Sensex, which has gained 4.58% in the same timeframe.
In the broader market context, Archit Organosys has underperformed relative to the Sensex, which has only declined by 1.18% over the past week while the stock itself has dropped by 4.94%. This suggests that the stock is facing challenges that are not as prevalent in the overall market. Over the past year, the stock has decreased by 5.19%, while the Sensex has only fallen by 3.77%, further highlighting its underperformance. The significant drop in investor participation and the recent price movements indicate a lack of confidence among investors, which is contributing to the stock's downward trend.