Why is Maha Rashtra Apx falling/rising?

As of 07-Aug, Maha Rashtra Apex Corporation Ltd is experiencing a decline in its stock price, currently at Rs 102.40, reflecting a decrease of Rs 4.85 or 4.52%. The stock has underperformed its sector by 4.74% today and has been on a downward trend, losing value for the last two days with a total return of -4.57% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, being only 2.34% away from Rs 100. In terms of returns, the stock has seen a significant decline of 30.86% year-to-date and 33.09% over the past year, while the benchmark Sensex has gained 3.18% and 1.45% respectively during the same periods. Positive and negative factors data is not available.
Broader Market Context: In the short term, Maha Rashtra Apex Corporation Ltd has underperformed the benchmark Sensex, which has only declined by 0.69% over the past week compared to the stock's drop of 2.94%. This indicates that the stock is not only facing challenges relative to its sector but is also lagging behind the broader market trends. The significant drop in stock price, combined with the recent increase in investor participation, suggests a complex situation where liquidity is present, but the overall sentiment remains negative, contributing to the stock's continued decline.