Why is Mach Conferences falling/rising?

As of 03-Jul, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at 150.20, which reflects a decrease of 0.35 or 0.23%. The stock has underperformed its sector today by 0.25% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.45% in that period. Although the stock's performance over the past week shows a positive return of 5.77%, it has significantly underperformed year-to-date with a drop of 35.29%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating mixed signals regarding its price momentum. Additionally, there is a notable increase in investor participation, with delivery volume rising by 92.77% against the 5-day average, suggesting that more investors are engaging with the stock despite its recent price decline.
In the broader market context, the Sensex has shown a slight decline of 0.62% over the past week, while Mach Conferences has outperformed this benchmark with a 5.77% gain. However, over the past month, the stock has lagged behind the Sensex, which has increased by 3.10%. The year-to-date performance of Mach Conferences is particularly concerning, as it has fallen significantly compared to the Sensex's positive return of 6.53%. This disparity highlights the challenges the company faces in gaining traction in the market, despite some positive short-term movements. Overall, while there are signs of increased trading activity, the stock's recent performance and broader market conditions suggest a cautious outlook.