Why is Sanmit Infra falling/rising?

As of 23-Sep, Sanmit Infra Ltd's stock price is currently at 9.46, reflecting a decrease of 0.07 or 0.73%. The stock has been experiencing a downward trend, having lost 2.07% over the last two days. In terms of performance relative to benchmarks, the stock has underperformed significantly, with a year-to-date decline of 27.23% compared to a 5.07% increase in the Sensex. Additionally, the stock's performance over the past month shows a decline of 1.77%, while the Sensex has gained 0.98%. Although the stock is currently trading higher than its 20-day moving average, it remains below its 5-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There is a slight positive note with rising investor participation, as the delivery volume increased by 6.29% against the 5-day average.
Broader market context reveals that the stock's short-term performance has been weaker than the benchmark, with a 1-week return of -0.53% compared to the Sensex's -0.34%. This suggests that while the overall market has also faced challenges, Sanmit Infra's decline is more pronounced. The broader market has shown resilience with a positive return over the past month and year, contrasting sharply with Sanmit Infra's significant losses over the same periods. The lack of available positive or negative factors further complicates the outlook, leaving the stock's recent movement largely influenced by its own performance rather than broader market trends.