Why is Arihant's Secur. falling/rising?

As of 07-Oct, Arihants Securities Ltd is currently priced at 22.64, reflecting an increase of 0.25, or 1.12%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 72.26% compared to the 5-day average. Over the past week, the stock has underperformed, declining by 2.41%, while its year-to-date performance shows a substantial drop of 30.81%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movements.
Broader market context indicates that while the stock has experienced a short-term uptick, it has lagged behind the benchmark Sensex, which has gained 2.07% over the past week. The stark contrast in performance is evident as the stock has declined by 4.47% over the past month, while the Sensex has risen by 1.51%. This underperformance in the context of a rising market suggests that investor sentiment towards Arihants Securities Ltd remains cautious, despite the recent price increase.