Why is Mach Conferences falling/rising?

As of 24-Sep, Mach Conferences & Events Ltd is experiencing a price increase, currently at 120.20, which reflects a rise of 1.7 or 1.43%. The stock has shown a positive performance today, outperforming its sector by 2.4% and has gained for the last two consecutive days, resulting in a total return of 2.17% during this period. However, it is important to note that the stock is still 4.62% away from its 52-week low of Rs 114.65. Despite this recent uptick, the stock has had a challenging year, with a year-to-date decline of 48.21% and a one-year decline of 52.28%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 43.88% compared to the five-day average, indicating a potential concern for sustained momentum.
In the broader market context, the stock's short-term return of 1.86% over the past week contrasts sharply with the benchmark Sensex, which has declined by 1.18% during the same period. This suggests that Mach Conferences is managing to attract some investor interest despite its overall poor performance in the longer term, where it has significantly underperformed the Sensex over one month, year-to-date, and one year. The liquidity of the stock remains adequate for trading, as it is based on 2% of the five-day average traded value, which may provide some support for its recent price movements.