Why is Raj Television falling/rising?

As of 23-Sep, Raj Television Network Ltd is experiencing a decline in its stock price, currently at Rs 41.22, which reflects a decrease of Rs 0.74 or 1.76%. The stock has underperformed significantly, with a 1-week return of -3.65% and a 1-month return of -7.68%. It is also trading lower than all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock is close to its 52-week low, being only 2.84% away from Rs 40.05. Investor participation has notably decreased, with delivery volume dropping by 93.97% compared to the 5-day average, indicating a lack of interest or confidence among investors.
In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, which is less severe than Raj Television's performance. Year-to-date, while the stock has plummeted by 48.48%, the Sensex has gained 5.07%, highlighting a stark contrast between the company's performance and the overall market trend. This underperformance is further emphasized by the stock's negative returns over various periods, including a 15.27% decline over the past year, compared to the Sensex's modest drop of 3.33%. The lack of positive factors in the dashboard suggests that there are no significant catalysts to reverse the current downward trend.