Why is Zee Media falling/rising?

As of 08-Aug, Zee Media Corporation Ltd is experiencing a decline in its stock price, currently at 12.73, which reflects a decrease of 0.17 or 1.32%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 44.01% compared to the 5-day average. Over the past month, the stock has seen a substantial decline of 14.39%, while year-to-date it has dropped 30.25%. Unfortunately, there are no positive or negative factors available to provide further context on the stock's recent movement.
In the broader market context, Zee Media's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.92% over the past week. This stark contrast highlights the stock's underperformance, as it has fallen 2.53% in the same timeframe. The year-to-date performance further emphasizes this trend, with Zee Media down 30.25% compared to the Sensex's gain of 2.20%. This suggests that while the overall market may be stabilizing or improving, Zee Media is struggling significantly, contributing to the downward pressure on its stock price.