Why is Maha Rashtra Apx falling/rising?

As of 08-Aug, Maha Rashtra Apex Corporation Ltd is currently priced at 103.55, reflecting an increase of 1.15 or 1.12%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement today, the stock is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, it is close to its 52-week low, being just 3.43% away from Rs 100. The stock has underperformed over the past week and month, with returns of -1.80% and -4.12%, respectively, while year-to-date, it has declined by 30.08%. However, there has been a rise in investor participation, with delivery volume increasing by 10.66% compared to the 5-day average.
In the broader market context, the Sensex has experienced a slight decline of 0.92% over the past week and a more significant drop of 4.60% over the past month, indicating a challenging environment for stocks in general. Despite the stock's recent gains, its year-to-date performance is significantly worse than the benchmark, which has increased by 2.20%. This suggests that while Maha Rashtra Apex Corporation Ltd is experiencing a short-term uptick, it remains under pressure compared to the overall market trends.