Why is Mach Conferences falling/rising?

As of 22-Sep, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs 118.50, which reflects a decrease of Rs 3.2 or 2.63%. The stock has underperformed significantly, with a 1-week return of -2.63% and a 1-month return of -8.85%. Additionally, it is currently trading 3.25% away from its 52-week low of Rs 114.65. The stock has fallen after two consecutive days of gains, reaching an intraday low of Rs 116, which is a drop of 4.68%. Furthermore, it is trading below all key moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 78.07% compared to the 5-day average, suggesting reduced interest in the stock.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting sharply with Mach Conferences' negative performance. While the benchmark has gained 1.05% over the past month, Mach Conferences has seen a significant decline, highlighting its underperformance relative to the market. Year-to-date, the stock has plummeted by 48.94%, while the Sensex has risen by 5.15%. This stark contrast in performance indicates that the stock is struggling to attract investor confidence amidst a generally positive market environment.