Why is Mach Conferences falling/rising?

As of 07-Nov, Mach Conferences & Events Ltd is experiencing a decline in its stock price, currently at Rs 106.70, which reflects a decrease of Rs 5.65 or 5.03%. The stock has underperformed its sector by 4.77% today, reaching an intraday low of Rs 106.70. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has significantly decreased by 67.74% compared to the 5-day average, suggesting a drop in investor participation. Over the past week, the stock has fallen by 6.40%, and it has seen a substantial decline of 54.03% year-to-date, indicating ongoing challenges for the company.
In the broader market context, the Sensex has shown a relatively stable performance, with a slight decline of 0.86% over the past week and a gain of 6.50% year-to-date. This contrast highlights that Mach Conferences is not only underperforming against its sector but also against the overall market trend. The significant drop in the stock's price, coupled with the lack of positive factors reported, suggests that investor sentiment remains negative, further exacerbating the stock's decline amidst a generally more favorable market environment.