Why is Ashika Credit falling/rising?

As of 17-Oct, Ashika Credit Capital Ltd is experiencing a decline in its stock price, currently at Rs 356.45, which reflects a decrease of Rs 6.1 or 1.68%. The stock has underperformed its sector by 1.64% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 355, representing a drop of 2.08%. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a 66.77% drop compared to the 5-day average, suggesting falling investor participation. Year-to-date, the stock has seen a substantial decline of 57.11%, contrasting sharply with the Sensex's gain of 7.44%.
In the broader market context, Ashika Credit's short-term performance has been notably poor compared to the benchmark, as it has declined by 3.41% over the past week while the Sensex has risen by 1.76%. This underperformance highlights the stock's struggles relative to the overall market. The significant drop in delivery volume and the stock's inability to maintain upward momentum after previous gains further contribute to its negative outlook. Overall, these factors indicate a challenging environment for Ashika Credit, leading to its current price decline.