Why is Silly Monks falling/rising?

As of 06-Aug, Silly Monks Entertainment Ltd is experiencing a decline in its stock price, currently at Rs 16.52, which reflects a decrease of Rs 0.39 or 2.31%. The stock has underperformed its sector by 1.71% today and opened with a loss of 2.01%. Throughout the trading day, it reached an intraday high of Rs 17.69 but also touched a low of Rs 16.17, indicating significant volatility. The stock is trading below all key moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 83.25% compared to the 5-day average. Over the past year, the stock has declined by 23.94%, while the benchmark Sensex has gained 2.42%, highlighting a significant underperformance.
In the broader market context, Silly Monks' short-term performance over the past week shows a decline of 5.92%, contrasting sharply with the Sensex, which has only decreased by 1.13%. This indicates that the stock is not only struggling in absolute terms but is also lagging behind the overall market trend. The year-to-date performance is particularly concerning, with a drop of 30.70% compared to the Sensex's gain of 3.93%. The combination of poor trading performance, declining investor interest, and significant underperformance relative to the benchmark suggests that Silly Monks is facing considerable challenges in the current market environment.