Why is Plada Infotech S falling/rising?

As of 29-Aug, Plada Infotech Services Ltd is experiencing a decline in its stock price, currently at 18.80, reflecting a decrease of 0.4 or 2.08%. The stock has underperformed its sector by 1.4% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 50% compared to the 5-day average. Over the past week, the stock has decreased by 2.34%, while it has shown a more substantial decline of 30.37% year-to-date and 35.17% over the past year, suggesting ongoing challenges for the company.
In the broader market context, the Sensex has declined by 1.78% over the past week, which indicates that while Plada Infotech is underperforming relative to the benchmark, the overall market is also facing downward pressure. However, the stock has shown a positive return of 10.59% over the past month, contrasting with the Sensex's decline of 1.59% in the same period. This suggests that while there may be some short-term volatility, there was a recent recovery phase that has not sustained, contributing to the current downward movement. Overall, the combination of poor performance metrics and reduced investor engagement is driving the stock's decline.