Why is IL&FS Inv.Manag. falling/rising?

As of 12-Sep, IL&FS Investment Managers Ltd is experiencing a decline in its stock price, currently at 8.47, reflecting a decrease of 0.23 or 2.64%. The stock has underperformed its sector by 3.38% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 3.3%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 3.75%, and year-to-date, it has fallen by 23.00%. While there has been a rise in investor participation, with delivery volume increasing by 8.77% against the 5-day average, the overall performance remains weak.
In the broader market context, the Sensex has shown a positive return of 1.48% over the past week, contrasting sharply with IL&FS Investment Managers' decline. This suggests that the stock is underperforming relative to the market. The benchmark has also outperformed the stock over the past month and year-to-date, with returns of 2.08% and 4.82%, respectively. The significant disparity in performance indicates that investor sentiment towards IL&FS Investment Managers is currently negative, contributing to its falling stock price amidst a generally positive market environment.