Why is Mach Conferences falling/rising?

As of 28-Oct, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs. 102.75, which reflects a decrease of Rs. 3.55 or 3.34%. The stock has been underperforming significantly, with a consecutive fall over the last four days, resulting in a total decline of 11.88% in the past week. Today, it hit a new 52-week low of Rs. 100.1, indicating a downward trend. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a persistent bearish sentiment. Although there has been a rise in investor participation, with delivery volume increasing by 86.36% against the 5-day average, the overall performance remains weak, particularly as it underperformed its sector by 3.4%.
In the broader market context, the Sensex has shown a slight positive return of 0.24% over the past week, contrasting sharply with Mach Conferences' significant decline. This disparity highlights the stock's struggle relative to the benchmark, as it has also underperformed over longer periods, with a year-to-date return of -55.73% compared to the Sensex's 8.30% gain. The stock's liquidity appears adequate for trading, but the overall negative performance metrics suggest that investor sentiment remains cautious, contributing to the ongoing decline in its price.