Why is Arihant Capital falling/rising?

As of 19-Sep, Arihant Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 107.50, which reflects a decrease of Rs 2.45 or 2.23%. The stock has been underperforming, having lost 4.27% over the last three days and opened today with a loss of 2.59%. It touched an intraday low of Rs 107, indicating a negative trend. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it remains lower than the 5-day and 20-day moving averages. The stock's performance over the past week shows a decline of 5.37%, while it has gained 8.50% over the past month. However, the year-to-date return stands at 9.36%, which is positive in comparison to the 5.74% return of the benchmark index. There is a notable increase in investor participation, with delivery volume rising by 29.06% against the 5-day average, suggesting some interest despite the recent price drop.
Broader Market Context: In the context of the broader market, the Sensex has shown a positive return of 0.88% over the past week, contrasting with Arihant Capital's decline. The stock's recent performance indicates a significant underperformance compared to the benchmark, particularly in the short term. While the stock has outperformed the benchmark over the longer term, such as a 32.96% increase over three years compared to the Sensex's 39.71%, the current short-term trends suggest that investors may be reacting to recent price movements and market conditions. The lack of available positive or negative factors further complicates the understanding of the stock's recent decline, leaving a gap in the analysis of its current situation.