Why is Arihant Capital falling/rising?

As of 03-Nov, Arihant Capital Markets Ltd is experiencing a decline in its stock price, currently at 101.45, which reflects a decrease of 1.35 or 1.31%. The stock has been underperforming, having lost 5.76% over the last four days, and it is currently underperforming its sector by 2.05%. Additionally, the stock's performance over the past week shows a significant decline of 5.67%, while its one-month return is down by 12.77%. The delivery volume has also seen a drastic drop of 89.47% compared to the five-day average, indicating falling investor participation. The stock is trading above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day moving averages, suggesting mixed signals regarding its short-term momentum.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight increase of 3.41% over the past month, contrasting with Arihant's significant decline. While the stock has a positive year-to-date return of 3.20%, it has underperformed the benchmark over the past year, which has gained 5.34%. This divergence indicates that while the overall market is performing well, Arihant Capital is struggling to keep pace, contributing to its recent price decline. The lack of available positive or negative factors further complicates the outlook, as there are no specific catalysts identified that could explain the stock's recent performance.