Why is Logica Infoway falling/rising?

As of 09-Jul, Logica Infoway Ltd's stock price is currently at Rs 200.00, reflecting a decline of Rs 10.1 or 4.81%. The stock has been underperforming, with a consecutive fall over the last two days resulting in a total drop of 6.28%. It is also trading close to its 52-week low, just 1.93% away from Rs 196.15. The stock has shown poor performance over various periods, with a 1-week return of -9.81% and a year-to-date return of -9.07%, indicating a significant underperformance compared to the Sensex, which has increased by 6.91% year-to-date. Additionally, Logica Infoway is trading below all its moving averages, suggesting a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 150% against the 5-day average, the overall sentiment remains negative.
Broader Market Context: In the context of the broader market, Logica Infoway's recent performance contrasts sharply with the Sensex, which has shown a slight gain of 0.15% over the past week. The stock's significant decline over the last month, at -11.50%, further highlights its struggles compared to the benchmark's positive return of 1.32%. This disparity indicates that while the market may be experiencing some stability or growth, Logica Infoway is facing challenges that are leading to its decline, reinforcing the notion that the stock is not only underperforming relative to its sector but also to the overall market conditions.