Why is Wagend Infra falling/rising?

As of 09-Oct, Wagend Infra Venture Ltd is experiencing a decline in its stock price, currently at 1.07, which reflects a decrease of 0.07 or 6.14%. The stock has been underperforming significantly, having fallen consecutively for the last three days, resulting in a total drop of 13.01% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 71.55% compared to the 5-day average. The stock's performance over various time frames has also been poor, with a year-to-date decline of 23.57% and a 5-year decline of 68.62%, highlighting ongoing challenges.
Broader Market Context: In contrast to the broader market, represented by the Sensex, which has shown positive returns of 1.47% over the past week and 5.16% year-to-date, Wagend Infra's performance has been significantly lagging. The stock's 1-week return of -10.83% and 1-month return of -6.96% further illustrate its underperformance relative to the benchmark. This disparity suggests that while the market is experiencing growth, Wagend Infra is facing substantial headwinds, contributing to its declining stock price.