Why is Identixweb falling/rising?

As of 06-Aug, Identixweb Ltd's stock price is currently at Rs 61.70, reflecting a decline of Rs 3.65 or 5.59%. The stock has underperformed its sector by 4.3% today and has experienced a trend reversal, falling after three consecutive days of gains. It opened significantly lower, with a loss of 9.49%, and reached an intraday low of Rs 59.15. Additionally, the stock's trading volume has decreased, with a delivery volume drop of 21.88% compared to the five-day average. The stock's performance over the past week shows a slight increase of 2.15%, but it has underperformed over the past month with a decrease of 0.48%.
In the broader market context, the Sensex has declined by 1.15% over the past week, indicating a challenging environment for stocks in general. While Identixweb's short-term performance has been better than the benchmark, its recent price drop suggests a lack of investor confidence, possibly exacerbated by erratic trading patterns and lower participation. The stock's moving averages indicate it is currently positioned lower than several longer-term averages, which may further contribute to the negative sentiment surrounding its recent price movements.