Why is Arihant Capital falling/rising?

As of 13-Oct, Arihant Capital Markets Ltd is experiencing a decline in its stock price, currently at Rs 110.00, which represents a decrease of Rs 3.6 or 3.17%. The stock has underperformed its sector by 4.1% today, touching an intraday low of Rs 109.25, and has seen a significant drop in delivery volume, falling by 54.98% against the 5-day average. Over the past week, the stock has decreased by 6.18%, and over the past month, it has declined by 3.17%. Despite a strong year-to-date performance of 11.90%, the stock's one-year return is down by 1.52%, indicating recent struggles despite longer-term gains.
In the broader market context, the Sensex has shown resilience, gaining 0.66% over the past week and 0.52% over the past month, contrasting with Arihant's negative returns. This divergence suggests that while the overall market is performing well, Arihant Capital is facing specific challenges that are impacting its stock price negatively. The stock's liquidity remains adequate for trading, but the falling investor participation may indicate waning interest, contributing to the stock's current downward trend.