Why is Logica Infoway falling/rising?

As of 02-Sep, Logica Infoway Ltd is experiencing a decline in its stock price, currently at Rs 200.90, which reflects a decrease of Rs 5.4 or 2.62%. The stock has underperformed its sector by 1.48% today, following a trend reversal after two consecutive days of gains. The stock reached an intraday high of Rs 214 but also touched a low of Rs 195.75, indicating significant volatility. Over the past week, the stock has decreased by 4.38%, while it has shown a slight increase of 2.03% over the past month. Year-to-date, the stock is down 8.66%, and over the past year, it has fallen by 24.97%. There is a noted increase in investor participation, with delivery volume rising by 31.58% against the five-day average, suggesting some interest despite the overall decline.
In the broader market context, the Sensex has decreased by only 0.78% over the past week, indicating that Logica Infoway's performance is significantly lagging behind the benchmark. While the stock has shown some resilience in the short term with a positive return over the last month, its year-to-date and one-year performance remains poor compared to the benchmark's positive returns of 2.58% and -2.91%, respectively. The stock's liquidity appears adequate for trading, but its moving averages indicate a mixed performance, being higher than the 20-day moving average but lower than the longer-term averages. Overall, the combination of recent price movements, underperformance relative to the sector and benchmark, and fluctuating trading patterns contribute to the stock's current downward trend.