Why is Newjaisa Tech falling/rising?

As of 17-Nov, Newjaisa Technologies Ltd is experiencing a decline in its stock price, currently at 33.60, which represents a decrease of 1.75 or 4.95%. The stock has underperformed its sector by 5.05% today 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 dropped by 3.31%, and it has seen a significant decline of 12.73% over the past month. Year-to-date, Newjaisa Technologies has plummeted by 59.52%, indicating a severe downturn compared to the benchmark Sensex, which has gained 10.02% during the same period. Although there has been a notable increase in delivery volume, rising by 282.35% against the 5-day average, the overall performance remains weak, and no positive factors are available to counterbalance the negative trends.
In the broader market context, Newjaisa Technologies' recent performance starkly contrasts with the Sensex, which has shown resilience with a 1.72% gain over the past week. The significant underperformance of Newjaisa Technologies, both in the short term and year-to-date, highlights investor concerns and a lack of confidence in the stock. The liquidity of the stock is adequate for trading, but the persistent decline in price suggests that investor sentiment remains negative, further contributing to the stock's downward trajectory.