Why is Artefact Project falling/rising?

As of 07-Oct, Artefact Projects Ltd is experiencing a decline in its stock price, currently at 65.00, which reflects a decrease of 1.0 or 1.52%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 4.38%. Despite opening with a gain of 4.09% today and reaching an intraday high of Rs 68.7, it faced significant selling pressure, dropping to a low of Rs 64.56. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 260.57% against the 5-day average, the overall performance remains weak, as reflected in the stock's year-to-date decline of 21.22%.
In the broader market context, Artefact Projects Ltd has underperformed compared to the Sensex, which has gained 2.07% over the past week, while Artefact has declined by 2.49%. This trend continues over the past month, where Artefact's return of -5.80% contrasts sharply with the Sensex's positive return of 1.51%. The stock's significant underperformance relative to the benchmark suggests that broader market conditions are favoring other investments, which may be contributing to the selling pressure on Artefact. Overall, the combination of recent price movements, low trading averages, and relative underperformance against the benchmark indicates a challenging environment for Artefact Projects Ltd.