Why is Arihant's Secur. falling/rising?

As of 04-September, Arihants Securities Ltd is experiencing a decline in its stock price, currently at 23.82, which reflects a decrease of 0.87 or 3.52%. The stock has underperformed its sector by 3.93% today, and its delivery volume has significantly dropped by 61.44% compared to the 5-day average, indicating a falling investor participation. While the stock is higher than its 5-day and 20-day moving averages, it remains lower than the 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has decreased by 7.64%, contrasting with a year-to-date decline of 27.20%, suggesting ongoing challenges for the company.
In the broader market context, the stock's short-term performance over the past week shows a gain of 3.48%, which is notably better than the Sensex's increase of 0.80%. However, over the longer term, the stock has underperformed against the benchmark, with a year-to-date decline of 27.20% compared to the Sensex's gain of 3.30%. This disparity highlights the stock's struggles relative to the overall market, contributing to the current downward price movement.