Why is Identical Brains falling/rising?

As of 06-Aug, Identical Brains Studios Ltd is experiencing a decline in its stock price, currently at Rs 38.80, which reflects a decrease of Rs 0.35 or 0.89%. The stock is trading close to its 52-week low, just 2.06% away, and has underperformed its sector by 0.29% today. Additionally, the stock has shown a significant drop in performance over the past month, down 8.71%, and a staggering year-to-date decline of 54.67%. The stock is also trading below all key moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 21.05% compared to the five-day average, which suggests a lack of confidence among investors.
In the broader market context, the stock's short-term performance has been better than the benchmark Sensex, which has declined by 1.13% over the past week, while Identical Brains has only fallen by 0.51%. However, the overall year-to-date performance starkly contrasts with the Sensex's gain of 3.93%, highlighting the stock's significant underperformance in the longer term. This combination of poor stock-specific factors, such as declining trading volumes and moving averages, alongside a broader market that is not as negatively impacted, contributes to the ongoing decline in Identical Brains Studios Ltd's stock price.