Why is Tridhya Tech falling/rising?

As of 12-Sep, Tridhya Tech Ltd's stock price is currently at Rs. 16.20, reflecting a decrease of Rs. 0.15, or 0.92%. The stock has recently hit a new 52-week low of Rs. 16.15, indicating a downward trend. Over the past week, the stock has underperformed, with a decline of 0.92%, while its performance over the last month shows a significant drop of 6.36%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish sentiment among investors. However, there has been a notable increase in investor participation, with delivery volume rising by 66.67% against the 5-day average, indicating some interest despite the overall negative performance.
Broader market context shows that while Tridhya Tech's stock has declined, the benchmark Sensex has performed positively, gaining 1.51% over the past week and 2.56% over the past month. This stark contrast highlights the stock's underperformance relative to the broader market. Year-to-date, Tridhya Tech has seen a staggering decline of 57.42%, while the Sensex has increased by 6.21%. This divergence suggests that external market conditions are favoring other stocks, further contributing to Tridhya Tech's struggles. Overall, the combination of poor stock performance, low trading averages, and a negative return relative to the benchmark indicates a challenging environment for Tridhya Tech Ltd.