Why is Identical Brains falling/rising?

As of 28-Jul, Identical Brains Studios Ltd is experiencing a decline in its stock price, currently at Rs 38.70, which reflects a decrease of Rs 1.5 or 3.73%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 1.81% away from it. The delivery volume has significantly dropped by 91.3% compared to the 5-day average, suggesting a decrease in investor participation. The stock has also shown poor performance over various periods, with a year-to-date decline of 54.79%, while the benchmark Sensex has gained 4.38%.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -10.00% compared to the Sensex's -1.63%. This underperformance highlights the challenges faced by Identical Brains in attracting investor interest and maintaining liquidity, as indicated by the low trading volume. Overall, the combination of declining investor participation, poor relative performance against the benchmark, and trading below key moving averages contributes to the stock's downward trajectory.