Why is Quess Corp falling/rising?

As of 06-Aug, Quess Corp Ltd is experiencing a decline in its stock price, currently at Rs. 283.10, which reflects a decrease of Rs. 1.9 or 0.67%. The stock has hit a new 52-week low of Rs. 277.25 today and has been on a downward trend, losing 5.54% over the past six days. Additionally, Quess Corp is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock has underperformed its sector by 0.45%, and its year-to-date performance shows a significant decline of 16.32%, contrasting sharply with the Sensex, which has gained 3.08% during the same period. Although there has been a rise in investor participation, with a 14.53% increase in delivery volume, the overall negative performance metrics suggest a challenging environment for the stock.
Broader Market Context: In the short term, Quess Corp's performance has been notably worse than the benchmark, with a 1-week return of -4.84% compared to the Sensex's -1.15%. This underperformance is further highlighted by the stock's significant declines over the past month and year, where it has fallen 8.68% and 15.31%, respectively, while the Sensex has shown positive returns. The liquidity of the stock remains adequate for trading, but the persistent downward movement and the recent consecutive falls indicate a lack of confidence among investors, contributing to the stock's current struggles in the market.