Why is Ideaforge Tech falling/rising?

As of 07-Aug, Ideaforge Technology Ltd is currently priced at Rs 433.20, reflecting a decrease of Rs 1.65 or 0.38%. The stock has been experiencing a downward trend, having lost 1.17% over the last two days. It reached an intraday low of Rs 422.15, which represents a decline of 2.92%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased by 3.12% compared to the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.
In the broader market context, Ideaforge Technology Ltd has underperformed relative to the Sensex, with a 1-week return of -3.15% compared to the benchmark's -0.69%. Over the past month, the stock has dropped 25.55%, while the Sensex has only decreased by 3.38%. Year-to-date, Ideaforge has seen a significant decline of 28.87%, contrasting sharply with the Sensex's gain of 3.18%. This stark difference in performance highlights the challenges faced by Ideaforge in the current market environment.