Why is Nazara Technolo. falling/rising?

As of 10-Sep, Nazara Technologies Ltd is currently priced at 1,077.15, reflecting a decline of 21.4 points or 1.95%. The stock has been underperforming, having lost 4.90% over the past week and 22.63% over the past month, while it has also fallen for three consecutive days, totaling a decline of 3.05% during this period. Today's trading saw the stock touch an intraday low of Rs 1063.1, with a weighted average price indicating more volume traded closer to this low. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite positive financial results in June, including significant growth in net sales and profit after tax, the stock's recent performance has been hampered by a substantial drop in investor participation, with delivery volume decreasing by 70.35% compared to the 5-day average. In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex gaining 1.06% over the past week while Nazara Technologies has declined. Although the stock has outperformed the market over the past year with an 11.84% return compared to the Sensex's -0.61%, the recent downturn indicates a shift in investor sentiment. The IT - Software sector has shown resilience, gaining 2.53%, which contrasts with Nazara's struggles. The high institutional holdings at 22.79% suggest that while there is confidence in the company's fundamentals, the current market dynamics and recent performance may be causing concern among investors, leading to the stock's decline.