Why is Sanmit Infra falling/rising?

As of 24-Sep, Sanmit Infra Ltd is experiencing a decline in its stock price, currently at 9.31, which reflects a decrease of 0.18 or 1.9%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total return of -3.62% during this period. Additionally, Sanmit Infra is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock's performance over the past week shows a decline of 4.02%, and it has significantly underperformed the market with a year-to-date drop of 28.38%. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 45.87% compared to the 5-day average, which suggests reduced interest from investors.
In the broader market context, the Sensex has shown a decline of only 1.18% over the past week, indicating that Sanmit Infra's performance is lagging behind the benchmark. The construction and real estate sector, in which Sanmit operates, has also faced challenges, with a sector-wide decline of 2.44%. This broader market weakness, combined with the company's significant underperformance over various time frames, contributes to the negative sentiment surrounding Sanmit Infra's stock. Overall, the combination of falling stock prices, reduced investor activity, and sector challenges are driving the stock's current downward trajectory.