Why is Globesecure Tech falling/rising?

As of 17-Sep, Globesecure Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 8.80, which represents a decrease of Rs. 0.4 or 4.35%. The stock has hit a new 52-week low of Rs. 8.75 today and has underperformed its sector by 5%. Over the past week, the stock has seen a significant drop of 16.59%, and its year-to-date performance shows a staggering decline of 71.00%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. There is also a notable decrease in investor participation, with delivery volume falling by 30.38% compared to the 5-day average, which suggests waning interest among investors.
In the broader market context, the Sensex has shown a positive return of 1.43% over the past week, contrasting sharply with Globesecure Technologies' performance. This divergence highlights the stock's struggles relative to the overall market. While the benchmark has gained 2.84% over the past month, Globesecure Technologies has plummeted by 29.88%, further emphasizing its underperformance. The lack of available positive factors in the dashboard suggests that there are no current catalysts to support a rebound in the stock price, reinforcing the negative sentiment surrounding it.