Why is BITS falling/rising?

As of 10-Oct, BITS Ltd is experiencing a decline in its stock price, currently at Rs. 7.40, which reflects a decrease of Rs. 0.08 or 1.07%. The stock has hit a new 52-week low of Rs. 7.09 today and has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 9.98% over that period. Additionally, BITS has underperformed its sector by 0.88% today and is trading below all key moving averages, indicating persistent weakness. The stock's year-to-date performance shows a significant drop of 75.93%, further highlighting its struggles in the market.
In contrast, the broader market, represented by the Sensex, has shown positive movement, gaining 1.59% over the past week and 5.58% year-to-date. This stark contrast illustrates that while BITS Ltd is facing considerable challenges, the overall market is performing well. Despite a rise in investor participation, with delivery volume increasing by 115.28% against the five-day average, the stock's liquidity remains adequate for trading, but the negative sentiment surrounding its performance continues to drive the price down.