Why is IL&FS Transport falling/rising?

As of 09-Oct, IL&FS Transportation Networks Ltd's stock price is currently at 3.01, reflecting a decrease of 0.03 or 0.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.22% during this period. Additionally, it 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 significantly decreased, with a drop of 66.71% compared to the 5-day average, suggesting a lack of investor interest. The stock's performance over various periods shows a substantial decline, with a year-to-date drop of 49.16% and a one-year decline of 45.07%, further emphasizing its struggles in the market.
In the broader market context, IL&FS Transportation Networks Ltd has underperformed against the benchmark Sensex, which has gained 1.47% over the past week and 1.32% over the past month. The stark contrast in performance is evident, as the stock has declined by 1.31% in the last week and 5.94% in the last month, while the benchmark has shown positive returns. This underperformance relative to the market indicates a challenging environment for the stock, compounded by falling investor participation and liquidity issues. Overall, the combination of negative stock-specific factors and a favorable broader market context for the benchmark contributes to the ongoing decline in IL&FS Transportation Networks Ltd's stock price.