Why is Newjaisa Tech falling/rising?

As of 29-Jul, Newjaisa Technologies Ltd is experiencing a decline in its stock price, currently at Rs 32.30, which reflects a decrease of Rs 0.2 or 0.62%. The stock has underperformed significantly, with a 1-month return of -19.05% and a year-to-date decline of -61.08%. Additionally, it is trading lower than all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 0.96% away from Rs 30.8. Despite these negative indicators, there has been a notable increase in investor participation, with delivery volume rising by 87.5% against the 5-day average, suggesting some interest in the stock despite its overall poor performance.
In the broader market context, Newjaisa Technologies Ltd's recent performance contrasts with the Sensex, which has only declined by 0.96% over the past week. This indicates that the stock's short-term return is significantly worse than the benchmark, highlighting its underperformance. The stock's year-on-year return of -74.08% further emphasizes its struggles compared to the overall market, which has remained relatively stable. Overall, the combination of poor stock performance metrics, low trading relative to moving averages, and proximity to a 52-week low suggests that Newjaisa Technologies Ltd is facing considerable challenges in the current market environment.