Why is Smartlink Hold. falling/rising?

As of 15-Oct, Smartlink Holdings Ltd is experiencing a decline in its stock price, currently at Rs 130.60, which reflects a decrease of Rs 8.95 or 6.41%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 9.09%. Although it opened with a gain of 2.01% today and reached an intraday high of Rs 153.85, it also touched a low of Rs 128.8, indicating significant volatility with an intraday fluctuation of 15.56%. The stock's performance over the past week shows a decline of 10.55%, and it has underperformed the sector by 5.03%. Additionally, Smartlink Holdings has shown a year-to-date decline of 33.64%, significantly underperforming the Sensex, which has gained 5.72% during the same period.
In the broader market context, Smartlink Holdings' recent performance contrasts sharply with the Sensex, which has shown positive returns of 1.02% over the past week and 5.72% year-to-date. This disparity highlights the stock's struggle to keep pace with the market, as it has consistently underperformed across various time frames, including a 50.24% drop over the past year. Despite a slight increase in investor participation, as indicated by a 7.26% rise in delivery volume, the overall sentiment remains negative, compounded by the stock trading below its moving averages across multiple periods. The lack of positive factors in the dashboard further suggests that there are no significant catalysts to support a rebound in the stock's price.