Why is Identical Brains falling/rising?

As of 11-Aug, Identical Brains Studios Ltd is experiencing a decline in its stock price, currently at Rs 38.75, which represents a decrease of Rs 1.2 or 3.0%. 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 just 1.94% away from it. Over the past week, the stock has underperformed its sector by 2.02%. In terms of returns, the stock has seen a significant decline of 54.73% year-to-date, while the benchmark Sensex has gained 3.98%. There is a slight positive note with rising investor participation, as the delivery volume increased by 66.67% against the 5-day average, but no specific positive or negative factors are detailed in the dashboard.
In the broader market context, the stock's performance over the past week shows a decline of 0.64%, which is slightly worse than the Sensex's decline of 0.56%. This suggests that while both the stock and the benchmark are experiencing downward pressure, Identical Brains is lagging behind. The year-to-date performance starkly contrasts with the benchmark, highlighting the stock's struggles in the current market environment. Overall, the combination of poor short-term performance, proximity to a 52-week low, and underperformance relative to the sector and benchmark contributes to the stock's downward movement.