Why is Naapbooks falling/rising?

As of 23-Oct, Naapbooks Ltd is experiencing a decline in its stock price, currently at Rs 140.00, which reflects a decrease of Rs 3.15 or 2.2%. The stock has underperformed its sector by 4.36% today and has been on a downward trend for the last two days, resulting in a total drop of 5.41% during this period. Although the stock opened with a gain of 5.48% today and reached an intraday high of Rs 151, it subsequently fell to a low of Rs 138. The stock's performance over the past week shows a significant decline of 16.62%, and it has also underperformed over the past month and year-to-date, with returns of -13.58% and -6.67%, respectively. Notably, the delivery volume has decreased dramatically by 72.87% compared to the five-day average, indicating a drop in investor participation.
In the broader market context, while Naapbooks Ltd has struggled, the Sensex has shown resilience, gaining 1.30% over the past week and 2.99% over the past month. This stark contrast highlights the company's recent challenges relative to the overall market performance. Additionally, the IT - Software sector has gained 2.11%, further emphasizing Naapbooks' underperformance. The stock's moving averages indicate that it is currently lower than the 5-day, 20-day, and 50-day moving averages, suggesting a bearish trend in the short term. Overall, the combination of declining investor interest and poor relative performance against both its sector and the benchmark has contributed to the stock's recent price decline.