Why is Arihant's Secur. falling/rising?

As of 08-Sep, Arihants Securities Ltd is experiencing a decline in its stock price, currently at 23.52, which represents a decrease of 0.18 or 0.76%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 4.74% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 9.46% compared to the 5-day average, suggesting a drop in investor participation. Year-to-date, the stock has seen a significant decline of 28.12%, contrasting with a modest gain of 3.39% in the benchmark index.
In the broader market context, while the Sensex has gained 0.53% over the past week, Arihants Securities Ltd has underperformed with a decline of 4.78%. This stark contrast highlights the stock's struggles relative to the overall market performance. Over the past month, however, the stock has shown some resilience with a gain of 5.57%, outpacing the Sensex's 1.16% increase. Despite this, the overall trend remains negative, particularly in the short term, as the stock continues to face downward pressure amid falling investor interest and liquidity concerns.