Why is Sportking India falling/rising?

As of 08-Aug, Sportking India Ltd's stock price is currently at Rs 105.60, reflecting a decrease of Rs 3.95 or 3.61%. The stock has underperformed its sector by 2.17% today, reaching an intraday low of Rs 105.25. The trading volume has significantly decreased, with a delivery volume of 1.1 lacs on 07 Aug, which is down by 55.9% compared to the 5-day average. Over the past week, the stock has declined by 4.69%, and it has also shown a negative trend over the past month and year, with returns of -6.96% and -21.71%, respectively. The stock is currently trading higher than its 200-day moving average but lower than its shorter-term moving averages, indicating mixed performance.
In the broader market context, the Sensex has also experienced a decline, albeit to a lesser extent, with a 0.92% drop over the past week and a 4.60% decrease over the past month. Despite Sportking India Ltd's year-to-date return of 1.46%, which is slightly below the Sensex's 2.20%, the stock's long-term performance over three years shows a gain of 22.22%, compared to the Sensex's 35.69%. The recent underperformance and falling investor participation suggest a lack of confidence among investors, contributing to the stock's downward movement.