Why is Trigyn Techno. falling/rising?

As of 25-Aug, Trigyn Technologies Ltd is experiencing a decline in its stock price, currently at Rs 76.00, which reflects a decrease of Rs 2.83 or 3.59%. The stock has shown high volatility today, with an intraday range that included a high of Rs 81.94 and a low of Rs 76. The stock opened with a gain of 3.95% but subsequently fell, indicating a trend reversal after four consecutive days of gains. Additionally, the stock has underperformed its sector by 5.99% today and is trading below all key moving averages, suggesting a bearish sentiment. The stock's year-to-date performance shows a significant decline of 30.05%, and it has underperformed the benchmark Sensex over various periods, including a 36.67% drop over the past year.
In the broader market context, while the IT - Software sector has gained by 2.37%, Trigyn Technologies has not benefited from this upward movement, reflecting a disconnect between the stock and its sector. The stock's short-term performance over the past week shows a modest gain of 0.86%, which is better than the Sensex's 0.45% increase, but the longer-term outlook remains negative with a 6.38% decline over the past month compared to a slight gain in the benchmark. Furthermore, falling investor participation, evidenced by a 26.2% drop in delivery volume against the five-day average, indicates waning interest in the stock, contributing to its current downward trajectory.