Why is Waterbase falling/rising?

As of 23-Sep, Waterbase Ltd is experiencing a decline in its stock price, currently at 48.65, which reflects a decrease of 0.61 or 1.24%. The stock has underperformed in the short term, with a 1-week return of -1.72% compared to the Sensex's -0.34%. Additionally, Waterbase is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite outperforming its sector by 1.76% today, the overall performance remains weak, with a year-to-date decline of 35.12% against a 5.07% gain in the Sensex. There is no information available regarding positive or negative factors impacting the stock.
Broader Market Context: The aquaculture sector, in which Waterbase operates, has seen a decline of 3.02%, contributing to the stock's downward movement. In the short term, while Waterbase's performance has been poor, the Sensex has shown slight resilience, making the stock's underperformance more pronounced. The rising investor participation, indicated by a significant increase in delivery volume, suggests some interest in the stock, but this has not translated into a positive price movement. Overall, the broader market context reflects a challenging environment for Waterbase, exacerbating its stock price decline.