Why is Newjaisa Tech falling/rising?

As of 16-Sep, Newjaisa Technologies Ltd is experiencing a price increase, with its current price at 48.70, reflecting a change of 2.1 or 4.51% upward. Despite this positive movement today, the stock has underperformed its sector by 6.31%. The stock's performance over the past week shows a modest gain of 1.04%, but it has significantly outperformed the benchmark over the past month with a return of 49.16% compared to the Sensex's 2.47%. However, the stock has a year-to-date decline of 41.33%, indicating a longer-term struggle. Notably, the stock's delivery volume has decreased by 34.78% against the 5-day average, suggesting a decline in investor participation, which could negatively impact future price movements.
Broader Market Context: In the short term, Newjaisa Technologies Ltd's performance has lagged behind the benchmark, as indicated by its underperformance today and the recent weekly return compared to the Sensex. While the stock has shown a strong monthly return, the broader market has remained relatively stable, with the Sensex gaining 1.49% over the past week. The stock's liquidity remains adequate for trading, but the falling investor participation and lower performance against moving averages indicate potential challenges ahead, which could affect investor sentiment and future price trends.