Why is Arihant's Secur. falling/rising?

As of 15-Sep, Arihants Securities Ltd is experiencing a decline in its stock price, currently at 23.77, which reflects a decrease of 0.11 or 0.46%. The stock has been underperforming, having lost 0.96% over the last two days and is currently lower than the 20-day, 50-day, 100-day, and 200-day moving averages, although it is higher than the 5-day moving average. Additionally, the stock has shown a significant year-to-date decline of 27.35%, despite a strong performance over the last three years with an increase of 87.91%. The delivery volume has also decreased by 33.32% compared to the 5-day average, indicating falling investor participation, which may contribute to the stock's recent downward movement.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.06%, but it still lags behind the benchmark Sensex, which has increased by 1.24% during the same period. Over the past month, Arihants Securities has declined by 2.70%, while the Sensex has risen by 1.47%. This underperformance against the benchmark, combined with the recent consecutive falls and reduced trading volume, suggests a lack of investor confidence and interest in the stock, contributing to its current price decline.