Why is Dev Labtech falling/rising?

As of 06-Oct, Dev Labtech Venture Ltd is experiencing a decline in its stock price, currently at Rs 60.11, which reflects a decrease of Rs 2.09 or 3.36%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.08% over the past week. Additionally, the stock opened with a loss today and has not shown any price range movement, remaining at the same price throughout the trading session. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 34.78% compared to the 5-day average, which suggests a lack of confidence among investors.
In the broader market context, the stock's performance has been notably poor compared to the Sensex, which has gained 1.77% over the past week. Year-to-date, Dev Labtech has seen a decline of 21.94%, while the Sensex has increased by 4.67%. This stark contrast highlights the stock's struggle against the benchmark, further exacerbated by its recent erratic trading patterns and liquidity issues. Overall, the combination of negative price movements, declining investor interest, and underperformance relative to the market has contributed to the stock's downward trajectory.