Why is Mach Conferences falling/rising?

As of 01-Aug, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs 131.10, which reflects a decrease of Rs 2.05 or 1.54%. The stock is trading close to its 52-week low, just 0.84% away from Rs 130. It has underperformed its sector by 1.03% today and is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past month, the stock has seen a significant drop of 16.60%, while year-to-date, it has plummeted by 43.52%. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 833.33% against the 5-day average, indicating some interest in the stock despite its overall negative performance.
In the broader market context, the stock's recent performance mirrors that of the Sensex, which has also declined by 1.06% over the past week. However, while the Sensex has shown a modest gain of 3.15% year-to-date, Mach Conferences has significantly lagged behind, highlighting its struggles in comparison to the broader market. The lack of available positive or negative factors further complicates the outlook for the stock, as there are no specific catalysts identified that could influence its price movement positively. Overall, the combination of underperformance relative to benchmarks and the stock's position near its 52-week low contributes to the current downward trend.