Why is IL&FS Transport falling/rising?

As of 07-Aug, IL&FS Transportation Networks Ltd is experiencing a decline in its stock price, currently at 2.96, which reflects a decrease of 0.03 or 1.0%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a significant 10.3% drop over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased sharply, with a 75.7% drop compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over longer periods shows a staggering 50% decline year-to-date and a 50.17% drop over the past year, further highlighting its struggles.
In the broader market context, IL&FS Transportation Networks Ltd's recent performance contrasts sharply with the benchmark, the Sensex, which has only declined by 0.69% over the past week and has gained 3.18% year-to-date. This stark difference indicates that while the overall market may be stabilizing or improving, IL&FS is facing significant challenges. The stock's substantial underperformance relative to the Sensex, coupled with the recent decline in investor participation and liquidity issues, underscores the difficulties the company is currently experiencing in attracting and retaining investor confidence.