Why is Span Divergent falling/rising?

As of 06-Aug, Span Divergent Ltd is experiencing a decline in its stock price, currently at Rs 19.05, which reflects a decrease of Rs 0.47 or 2.41%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.37% during this period. It is also trading lower than all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 4.67% away from Rs 18.16. The recent performance shows that Span Divergent has underperformed its sector by 0.67%, and there has been a significant drop in investor participation, with delivery volume decreasing by 37.5% compared to the 5-day average.
In the broader market context, Span Divergent's performance over the past week shows a decline of 13.21%, contrasting sharply with the Sensex, which has only fallen by 1.15%. Over the past month, the stock has decreased by 7.93%, while the Sensex has dropped by 3.46%. Year-to-date, Span Divergent has seen a substantial decline of 45.31%, while the Sensex has gained 3.08%. This stark difference highlights the stock's struggles relative to the overall market, contributing to its negative momentum and investor sentiment.