Why is Mach Conferences falling/rising?

As of 12-Sep, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs. 121.25, which reflects a decrease of Rs. 2.75 or 2.22%. The stock has underperformed today, hitting a new 52-week low of Rs. 116.8, which represents a significant intraday drop of 5.81%. Additionally, the stock has shown poor performance over various periods, with a year-to-date decline of 47.76% and a one-year drop of 59.10%. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. While there has been a rise in investor participation, with a 34.92% increase in delivery volume, the overall sentiment appears negative, as no positive factors are noted to counterbalance the stock's recent performance.
In the broader market context, the stock's performance has been notably worse than the benchmark, the Sensex, which has gained 1.48% over the past week and 2.08% over the past month. This stark contrast highlights the challenges faced by Mach Conferences, as it has declined by 6.37% in the last week and 8.83% in the last month. The broader market's positive movement further emphasizes the stock's struggles, suggesting that external market conditions are not favorable for Mach Conferences at this time.