Why is Mach Conferences falling/rising?

As of 11-Sep, Mach Conferences & Events Ltd is currently priced at 124.00, reflecting an increase of 0.95 or 0.77%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Additionally, the stock hit a new 52-week low of Rs.122 earlier in the day. Over the past week, the stock has decreased by 6.06%, and it has experienced significant declines of 46.57% year-to-date and 57.82% over the past year, which highlights ongoing challenges. However, there has been a notable increase in investor participation, with delivery volume rising by 38.89% against the 5-day average, suggesting some renewed interest.
In the broader market context, the Sensex has shown a positive return of 1.03% over the past week, contrasting sharply with Mach Conferences' decline. This disparity indicates that while the overall market is experiencing gains, Mach Conferences is struggling significantly. The stock's performance has lagged behind the benchmark, with a year-to-date return of -46.57% compared to the Sensex's positive 4.36%. This underperformance may be contributing to investor caution, despite the recent increase in trading volume, which could signal a potential shift in sentiment if sustained.