Why is Raj Television falling/rising?

As of 10-Nov, Raj Television Network Ltd is experiencing a decline in its stock price, currently at 37.78, which reflects a decrease of 2.14 or 5.36%. The stock has underperformed significantly today, with a performance that is 99.55% lower than its sector. Additionally, trading activity has been erratic, as the stock did not trade on one day out of the last 20. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume on November 7 falling by 38.51% compared to the 5-day average. The stock's performance over various periods shows a substantial year-to-date decline of 52.77%, contrasting sharply with the Sensex's gain of 6.91%.
In the broader market context, Raj Television's short-term return over the past week is down 6.72%, while the Sensex has only decreased by 0.53%, highlighting the stock's relative weakness. Over the past month, the stock has also underperformed, with a decline of 7.22% compared to the Sensex's increase of 1.25%. This trend of underperformance is further emphasized by the stock's longer-term returns, which show a significant drop over the past year and three years compared to the benchmark. Overall, the combination of poor trading performance, declining investor interest, and substantial underperformance relative to the market contributes to the stock's current downward trajectory.