Why is Arihant's Secur. falling/rising?

As of 11-Sep, Arihants Securities Ltd's stock price is currently at 24.00, reflecting an increase of 0.3 or 1.27%. The stock has shown a positive trend, gaining for the last three days with a total return of 2.04% during this period. However, despite this recent uptick, the stock has underperformed in the year-to-date comparison, with a decline of 26.65% compared to a 4.36% increase in the benchmark Sensex. Additionally, the stock's delivery volume has decreased significantly, falling by 47.92% against the 5-day average, indicating a decline in investor participation, which could negatively impact future price movements.
In the broader market context, the stock's short-term performance over the past week has been slightly lower than the benchmark, with a return of 0.76% compared to the Sensex's 1.03%. This suggests that while the stock is experiencing some upward movement, it is not keeping pace with the overall market. The stock's moving averages indicate that it is performing better than the 5-day and 20-day averages but is still below the longer-term averages of 50, 100, and 200 days, which may reflect a lack of sustained momentum. Overall, the combination of recent gains, declining investor participation, and underperformance relative to the benchmark suggests a complex situation for Arihants Securities Ltd.