Why is Identixweb falling/rising?

As of 26-Jun, Identixweb Ltd's stock price is currently at Rs 60.00, reflecting a decrease of Rs 3.0 or 4.76%. The stock has underperformed its sector by 4.7% today and has experienced a trend reversal, falling after two consecutive days of gains. It opened with a loss of 4.76% and reached an intraday low of Rs 60, with no price range fluctuations noted throughout the day. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a significant drop in investor participation, with delivery volume falling by 88.37% compared to the 5-day average, suggesting a lack of interest from investors.
In the broader market context, Identixweb's performance over the past week shows a decline of 7.69%, contrasting sharply with the Sensex, which has gained 2.94% during the same period. This underperformance highlights the stock's struggles relative to the overall market. Furthermore, while the Sensex has shown positive returns of 1.92% over the past month, Identixweb has seen a substantial decline of 23.27%, further emphasizing its weak position in comparison to the benchmark. Overall, the combination of negative stock-specific factors and poor relative performance against the market contributes to the ongoing decline in Identixweb's stock price.