Why is Raj Television falling/rising?

As of 18-Sep, Raj Television Network Ltd is experiencing a decline in its stock price, currently at Rs 41.45, which reflects a decrease of Rs 0.93 or 2.19%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.11% during this period. It is also trading below all key moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 3.38% away from Rs 40.05. In terms of performance relative to the benchmark, the stock has underperformed significantly over various time frames, including a year-to-date decline of 48.19% compared to a 6.24% increase in the Sensex.
Broader market context shows that the stock's short-term performance is notably weaker than the benchmark index, with a 1-week return of -2.49% against the Sensex's gain of 1.80%. This trend of underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 73.38% compared to the 5-day average. The lack of positive factors in the dashboard further emphasizes the challenges faced by Raj Television, contributing to the ongoing decline in its stock price.