Why is Waterbase falling/rising?

As of 07-Aug, Waterbase Ltd is experiencing a decline in its stock price, currently at 48.13, which reflects a decrease of 0.98 or 2.0%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 3.28% during this period. Additionally, Waterbase's performance over the past week shows a drop of 2.81%, and it has significantly underperformed the benchmark Sensex, which has only decreased by 0.69% in the same timeframe. The stock is also trading below its moving averages across various timeframes, indicating a bearish trend. While there has been a rise in delivery volume, suggesting increased investor participation, the overall sentiment remains negative as the aquaculture sector has also seen a decline of 2.53%.
In the broader market context, Waterbase's year-to-date performance is notably poor, with a decline of 35.81%, contrasting sharply with the Sensex's gain of 3.18%. Over the past year, Waterbase has fallen by 43.70%, while the benchmark has only increased by 1.45%. This stark difference highlights the stock's struggles relative to the market. The recent negative performance in the aquaculture sector may further contribute to the stock's decline, as sector-wide issues can impact investor sentiment and confidence in individual stocks like Waterbase.