Why is Raj Television falling/rising?

As of 19-Sep, Raj Television Network Ltd is currently priced at Rs 41.30, reflecting a decrease of Rs 0.15 or 0.36%. The stock has been underperforming, having fallen for the last three days with a total decline of 3.46%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 3.03% away from Rs 40.05. In terms of returns, the stock has experienced a significant year-to-date decline of 48.38%, while it has also underperformed the sector by 0.44% today. Notably, there has been a rise in investor participation, with delivery volume increasing by 43.56% against the 5-day average, suggesting some interest despite the overall downward movement.
In the broader market context, the stock's performance over the past week shows a modest gain of 0.71%, but this is less than the Sensex's increase of 0.88% during the same period. Over the last month, Raj Television has declined by 3.37%, contrasting with the Sensex's rise of 1.20%. The year-to-date performance starkly highlights the stock's struggles compared to the benchmark, which has gained 5.74%. Overall, while there are signs of increased trading activity, the persistent decline in price and underperformance relative to the market and sector suggest that investor sentiment remains cautious.