Why is Ideaforge Tech falling/rising?

As of 08-Aug, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at 427.25, which reflects a decrease of 5.95 or 1.37%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total return of -2.53% during this period. Additionally, the stock's performance over the past month shows a significant decline of 26.72%, while year-to-date returns are down by 29.84%. 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, investor participation appears to be waning, as evidenced by a 43.15% drop in delivery volume compared to the 5-day average.
In the broader market context, Ideaforge's short-term performance has underperformed relative to the benchmark, with a 1-week return of -1.50% compared to the Sensex's decline of only 0.92%. Over the past month, while the stock has plummeted by 26.72%, the Sensex has only decreased by 4.60%. This stark contrast highlights the stock's struggle in a challenging market environment. Overall, the combination of declining stock performance, reduced investor interest, and poor relative performance against the benchmark contributes to the ongoing downward pressure on Ideaforge Technology Ltd's stock price.