Why is BITS falling/rising?

As of 23-Jun, BITS Ltd's stock price is currently at 9.89, reflecting a decrease of 0.2, or 1.98%. The stock has been on a downward trend, having underperformed its sector by 0.54% today and experiencing a consecutive fall for the last nine days, resulting in a total decline of 16.33% during this period. Additionally, BITS has shown significant negative returns over various time frames, including a 14.74% drop over the past month and a staggering 67.83% decline year-to-date. The stock is trading below its moving averages across all time frames, indicating a bearish trend. There is a slight increase in investor participation, with delivery volume rising by 60.06% against the five-day average, but this has not been sufficient to counteract the overall negative performance.
In the broader market context, BITS Ltd's performance has been notably worse than the benchmark Sensex, which has shown a modest gain of 0.12% over the past week and a 4.81% increase year-to-date. This stark contrast highlights the stock's significant underperformance, particularly in the short term, where it has declined by 9.43% over the past week compared to the benchmark's slight gain. The lack of available positive factors further emphasizes the challenges BITS Ltd is facing in the current market environment, contributing to its ongoing decline.