Why is Mach Conferences falling/rising?

As of 05-Sep, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs 129.50, which reflects a decrease of Rs 2.5 or 1.89%. The stock has underperformed its sector by 2.18% today and is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.4% away from Rs 125.1. Over the past week, the stock has seen a slight decline of 0.38%, and its performance over the last month shows a more significant drop of 3.25%. However, there has been a rise in investor participation, with a 42.86% increase in delivery volume on September 3 compared to the 5-day average, suggesting some interest despite the overall downward movement.
In the broader market context, the Sensex has shown a positive return of 1.13% over the past week and remains stable with a 0.00% change over the last month, contrasting sharply with Mach Conferences' negative performance. Year-to-date, while the stock has plummeted by 44.21%, the benchmark has gained 3.29%, highlighting a significant underperformance relative to the market. This disparity indicates that investor sentiment towards Mach Conferences is weak compared to the overall market, contributing to its declining stock price.