Why is Arihant's Secur. falling/rising?

As of 25-Aug, Arihants Securities Ltd is experiencing a decline in its stock price, currently at Rs 23.00, which represents a decrease of Rs 0.3 or 1.29%. The stock has underperformed its sector by 1.1% today and has been on a downward trend, falling for the last two days with a total return of -4.52% during this period. Additionally, the stock is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Over the past week, the stock has decreased by 6.66%, and year-to-date, it has fallen significantly by 29.71%, contrasting sharply with the Sensex, which has gained 4.48% during the same period. The stock is also close to its 52-week low, just 3.83% away from Rs 22.12.
In the broader market context, while the Sensex has shown a slight increase of 0.45% over the past week, Arihants Securities Ltd has significantly lagged behind, highlighting its struggles in comparison to the overall market performance. The rising investor participation, with a notable increase in delivery volume by 120.51% against the 5-day average, suggests some interest in the stock, but this has not translated into positive price movement. The liquidity of the stock remains adequate for trading, but the overall negative sentiment reflected in its recent performance and the significant year-to-date decline indicate challenges that the company is currently facing in the market.