Why is Newjaisa Tech falling/rising?

As of 13-Aug, Newjaisa Technologies Ltd is experiencing a decline in its stock price, currently at 32.50, which reflects a decrease of 2.15 or 6.2%. The stock has underperformed its sector by 7.19% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume on 12 August falling by 80.77% compared to the 5-day average. The stock has also shown poor performance over various periods, with a year-to-date decline of 60.84% and a staggering 74.85% drop over the past year, indicating a persistent downward trend.
In the broader market context, the Sensex has shown a slight increase of 0.18% over the past week, contrasting sharply with Newjaisa Technologies' 10.96% decline in the same period. This suggests that while the overall market has remained relatively stable, Newjaisa Technologies is facing significant challenges. The stock's liquidity is noted to be adequate for trading, but the overall negative sentiment surrounding its performance and the lack of positive factors further contribute to its current downward trajectory.