Why is Arihant's Secur. falling/rising?

As of 24-Sep, Arihants Securities Ltd is currently priced at 23.20, reflecting a slight increase of 0.03 or 0.13%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price performance. Additionally, the stock is 4.66% away from its 52-week low of Rs 22.12. The delivery volume has also decreased significantly, with a 25.87% drop compared to the 5-day average, suggesting falling investor participation. Over the past year, the stock has underperformed with a return of -22.62%, while the benchmark Sensex has only declined by 3.77%.
In the broader market context, the stock's short-term performance over the past week shows a decline of 2.85%, which is significantly worse than the Sensex's drop of 1.18%. This underperformance highlights a challenging environment for Arihants Securities Ltd compared to the overall market. Despite a strong performance over the longer term, with a 67.51% increase over three years and a remarkable 283.47% rise over five years, the recent trends indicate a struggle to maintain momentum, particularly in the face of declining trading volumes and lower investor interest.