Why is Arihant's Secur. falling/rising?

As of 19-Sep, Arihants Securities Ltd is experiencing a decline in its stock price, currently at 23.90, which reflects a decrease of 0.33 or 1.36%. The stock has underperformed its sector by 1.21% today and has fallen after three consecutive days of gains. While the stock's moving averages indicate it is higher than the 5-day and 20-day averages, it remains lower than the 50-day, 100-day, and 200-day averages. In terms of returns, the stock has seen a year-to-date decline of 26.96% and a 1-month decrease of 0.38%, contrasting with a 1-year decline of 17.59%. However, it has shown significant growth over the longer term, with a 3-year increase of 80.38% and a 5-year increase of 295.04%. Notably, there has been a rise in investor participation, with delivery volume increasing by 123.51% against the 5-day average.
In the broader market context, the Sensex has outperformed Arihants Securities Ltd, with a 1-week gain of 0.88% and a 1-month gain of 1.20%. This suggests that while the overall market is experiencing positive momentum, Arihants is lagging behind. The year-to-date performance of the stock is significantly worse than the Sensex's 5.74% increase, indicating a challenging environment for the company relative to the market. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which supports ongoing trading activity despite the current price decline.