Why is Arkade falling/rising?

As of 06-Aug, Arkade Developers Ltd is experiencing a decline in its stock price, currently at Rs 176.65, which reflects a decrease of Rs 12.65 or 6.68%. The stock has underperformed its sector by 5.35% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 175.4, indicating a significant drop of 7.34%. The stock's performance over the past week shows a decline of 8.11%, while the month-to-date return is down 8.76%. Additionally, the delivery volume has decreased by 34.36% compared to the 5-day average, suggesting falling investor participation. The stock is currently trading above its 200-day moving average but below its shorter-term moving averages, indicating mixed signals in its trend.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.15% over the past week and 3.46% over the past month, Arkade's performance has been notably worse. The stock's year-to-date return of 1.99% is lower than the Sensex's return of 3.08%, further highlighting its underperformance in the current market environment. The high volatility of 5.58% today suggests that the stock is experiencing significant price fluctuations, which may deter investors amid the broader market's relatively stable performance. Overall, the combination of declining investor interest, poor short-term returns, and high volatility contributes to the stock's current downward trajectory.