Why is Mach Conferences falling/rising?

As of 09-Oct, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs. 114.00, which reflects a decrease of Rs. 0.95 or 0.83%. The stock has underperformed significantly, with a 1-week return of -3.14% and a 1-month return of -8.47%. Notably, the stock hit a new 52-week low of Rs. 111 today. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a substantial drop in investor participation, with delivery volume falling by 52.7% compared to the 5-day average. There are no positive factors reported that could counteract this negative momentum.
In the broader market context, the Sensex has shown resilience with a 1-week return of +1.47% and a 1-month return of +1.32%, contrasting sharply with Mach Conferences' poor performance. This suggests that while the overall market is experiencing gains, Mach Conferences is struggling to keep pace, contributing to its declining stock price. The stark difference in performance highlights the company's challenges in attracting investor interest and maintaining liquidity, as evidenced by the low trading volume relative to the average.