Why is Gogia Capital falling/rising?

As of 29-Oct, Gogia Capital Growth Ltd is experiencing a decline in its stock price, currently at Rs 81.55, which reflects a decrease of Rs 4.25 or 4.95%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.64% during this period. Additionally, it opened with a loss of 4.95% today and has not traded above this price point throughout the day. The stock is currently 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 38.63% compared to the 5-day average, which suggests waning interest among investors.
In the broader market context, Gogia Capital's performance over the past month shows a decline of 15.92%, contrasting sharply with the Sensex, which has risen by 5.76% during the same period. This underperformance is indicative of the stock's struggles relative to the overall market. Year-to-date, Gogia Capital has seen a decline of 27.19%, while the Sensex has gained 8.78%, further highlighting the stock's challenges. The erratic trading pattern, with the stock not trading on two days out of the last twenty, adds to the concerns regarding its liquidity and market confidence. Overall, the combination of negative price movements, declining investor participation, and poor relative performance against the benchmark contributes to the stock's current downward trajectory.