Why is Identixweb falling/rising?

As of 09-Jun, Identixweb Ltd's stock is currently priced at 70.15, reflecting a decline of 5.8 points or 7.64%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total decline of 14.35% during this period. Today's trading saw the stock reach an intraday low of Rs 66, indicating a drop of 13.1%. Additionally, the stock has shown high volatility with an intraday volatility of 7%, and trading volume has decreased, with delivery volume falling by 10.71% compared to the five-day average. The stock's performance over the past week has been particularly poor, with a return of -12.86%, contrasting sharply with the Sensex, which has gained 1.32%.
In the broader market context, the Sensex has outperformed Identixweb Ltd significantly over the past week and month, with returns of 1.32% and 3.76%, respectively. This stark contrast highlights the stock's struggles relative to the overall market performance. While the stock is trading above its 50-day, 100-day, and 200-day moving averages, it remains below its 5-day and 20-day moving averages, suggesting a bearish trend in the short term. The lack of available positive factors further compounds the challenges faced by the stock, indicating that investor sentiment may be leaning towards caution amidst its recent performance.