Why is Wise Travel falling/rising?

As of 06-Nov, Wise Travel India Ltd is experiencing a decline in its stock price, currently at 150.30, which reflects a decrease of 5.95 or 3.81%. The stock has underperformed significantly over various periods, with a year-to-date decline of 8.88% and a one-year drop of 38.77%. Despite today's performance showing an outperformance against its sector by 0.65%, the stock is trading below all its moving averages, indicating a bearish trend. Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 184.72% against the 5-day average, the overall sentiment remains negative as there are no positive factors provided to counterbalance the stock's recent poor performance.
In the broader market context, Wise Travel's short-term return of -4.57% over the past week contrasts sharply with the Sensex, which has only declined by 1.42%. This suggests that the stock is not only underperforming relative to the market but also indicates a lack of investor confidence compared to the benchmark. The year-to-date performance further highlights this disparity, as the Sensex has gained 7.89% while Wise Travel has lost value. Overall, the combination of poor stock performance, negative returns compared to the benchmark, and the absence of positive factors contributes to the ongoing decline in Wise Travel's stock price.