Why is Rikhav Securitie falling/rising?

As of 21-Jul, Rikhav Securities Ltd is experiencing a decline in its stock price, currently at Rs 62.10, which reflects a decrease of Rs 2.4 or 3.72%. The stock has underperformed its sector by 4.58% today and has been on a downward trend for the last three days, accumulating a total loss of 6.48% during this period. The stock reached an intraday high of Rs 65.9 but also hit a low of Rs 61.9, indicating significant volatility. Additionally, the delivery volume has decreased sharply by 88.81% compared to the 5-day average, suggesting falling investor participation. There is no information available regarding positive or negative factors impacting the stock.
In the broader market context, Rikhav Securities’ performance over the past week shows a decline of 4.61%, while the benchmark Sensex has remained relatively stable with a slight decrease of only 0.06%. Over the past month, however, Rikhav Securities has outperformed the Sensex, gaining 4.28% compared to the benchmark's loss of 0.25%. This indicates that while the stock is currently facing challenges, it has shown resilience in the longer term, particularly over the past month.