Why is Shemaroo Entert. falling/rising?

As of 06-Nov, Shemaroo Entertainment Ltd's stock price is currently at 111.30, reflecting a decrease of 1.0, or 0.89%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.8% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 42.4% compared to the 5-day average. The stock's performance over the past week shows a decline of 1.24%, while it has underperformed significantly year-to-date with a drop of 29.24% compared to the Sensex's gain of 6.62%.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, as it outperformed the Sensex by 0.71% today. However, over the longer term, Shemaroo's returns have lagged behind the benchmark, with a year-to-date decline of 29.24% compared to the Sensex's positive return of 6.62%. This stark contrast highlights the challenges faced by Shemaroo Entertainment Ltd in maintaining investor confidence and market performance, despite some positive indicators such as increased trading volume. Overall, the combination of recent price declines and underperformance relative to the benchmark suggests a cautious outlook for the stock.