Why is Logica Infoway falling/rising?

As of 30-Jun, Logica Infoway Ltd is experiencing a decline in its stock price, currently at Rs 213.50, which represents a decrease of Rs 18.5 or 7.97%. The stock has underperformed its sector by 9.13% today and has been on a downward trend, losing 8.37% over the last two days. Additionally, it has opened with a significant loss of 7.22% today and reached an intraday low of Rs 213.5. The stock has also been trading below its moving averages across various time frames, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 64.29% compared to the 5-day average, which suggests a lack of interest from investors.
In the broader market context, Logica Infoway's performance has been notably weaker compared to the benchmark Sensex, which has gained 2.09% over the past week and 2.65% over the past month. Year-to-date, the stock has declined by 2.93%, while the Sensex has increased by 7.00%. This stark contrast highlights the stock's struggle to attract investor confidence amid a generally positive market environment. The absence of any positive factors in the provided data further emphasizes the challenges faced by Logica Infoway, contributing to its recent price decline.