Why is Arihant Capital falling/rising?

As of 23-Sep, Arihant Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 107.25, which reflects a decrease of Rs 1.05 or 0.97%. The stock has underperformed its sector by 1.3% today, with an intraday high of Rs 113, indicating some volatility. The stock's recent performance shows a 4.50% decline over the past week and a 4.15% decline over the past month, while it has gained 9.10% year-to-date. However, the stock's delivery volume has significantly decreased by 32.78% compared to the 5-day average, suggesting a drop in investor participation. The stock remains liquid enough for trading, but it is currently trading below its 5-day and 20-day moving averages, which may indicate a bearish sentiment among investors.
Broader market context reveals that the Sensex has only declined by 0.34% over the past week, contrasting with Arihant Capital's steeper decline. While the stock has outperformed the benchmark over a longer time frame, such as a 3-year gain of 44.15% compared to the Sensex's 41.31%, the recent short-term performance indicates a divergence from the broader market trend. The overall market sentiment appears to be more stable, which may further highlight the specific challenges faced by Arihant Capital in the current trading environment.