Why is Dev Labtech falling/rising?

As of 16-Sep, Dev Labtech Venture Ltd's stock price is currently at Rs 66.00, reflecting a decline of Rs 2.64 or 3.85%. The stock has underperformed its sector by 4.49% today and has experienced a trend reversal, falling after two consecutive days of gains. It opened with a loss of 2.39% and reached an intraday low of Rs 66. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 66.67% compared to the 5-day average. The stock has also shown poor performance over various periods, with a year-to-date decline of 14.29% and a one-year decline of 21.05%, while the benchmark Sensex has gained 5.43% and is down only 0.73% over the same period.
In the broader market context, the stock's short-term performance has been notably weaker than the Sensex, which has risen by 1.58% over the past week, while Dev Labtech has declined by 2.22%. This underperformance highlights the challenges the company is facing relative to the overall market. The lack of positive factors in the provided data suggests that there are no significant catalysts to support a rebound in the stock price at this time, further contributing to its downward trajectory.