Why is Net Avenue falling/rising?

As of 08-Jul, Net Avenue Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 5.25, which represents a decrease of Rs. 1.25 or 19.23%. The stock has hit a new 52-week low today, indicating significant downward pressure. It has underperformed its sector by 19.5% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a substantial drop of 34.38%, and year-to-date, it has fallen by 57.83%. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 124.14% compared to the 5-day average, suggesting some interest from investors even amidst the decline.
In the broader market context, the Sensex has remained relatively stable, with only a slight decrease of 0.08% over the past week and a positive return of 7.94% year-to-date. This stark contrast highlights the significant underperformance of Net Avenue compared to the benchmark index. While the stock's liquidity appears sufficient for trading, the overall negative sentiment surrounding its performance, as evidenced by its substantial losses over various time frames, indicates that investor confidence is waning. The absence of any positive factors in the provided data further emphasizes the challenges the company is facing in the current market environment.