Why is Spel Semiconduct falling/rising?

As of 13-Oct, Spel Semiconductor Ltd's stock price is currently at Rs 197.20, reflecting a decrease of Rs 6.1 or 3.0%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 7.94% during this period. It opened with a loss of 2.61% today and reached an intraday low of Rs 194, which is a drop of 4.57%. Over the past week, the stock has underperformed significantly, with a 1-week return of -6.25%, while the benchmark Sensex has gained 0.66%. In the longer term, the stock has shown positive performance year-to-date with an increase of 11.16%, but it has declined by 12.49% over the last month. The stock remains above its 50-day, 100-day, and 200-day moving averages, but it is below its 5-day and 20-day moving averages. There is a notable rise in investor participation, with delivery volume increasing by 36.15% against the 5-day average, indicating some interest despite the recent price drop.
Broader Market Context: The broader market context shows that the IT - Hardware sector has also experienced a decline, falling by 3.26%, which aligns with the stock's performance. While Spel Semiconductor's short-term returns are negative, the benchmark Sensex has maintained a positive trajectory, highlighting a divergence between the stock and the broader market. This underperformance relative to the benchmark, combined with the sector's downturn, suggests that external market pressures may be contributing to the stock's recent decline. Overall, the combination of consecutive losses, sector performance, and the stock's relative movement against the benchmark indicates a challenging environment for Spel Semiconductor Ltd at this time.