Why is Maha Rashtra Apx falling/rising?

As of 08-Sep, Maha Rashtra Apex Corporation Ltd is experiencing a decline in its stock price, currently at Rs. 98.70, which represents a decrease of 3.15 (-3.09%). The stock has hit a new 52-week low today and has been underperforming its sector by 3.41%. Over the past three days, the stock has consecutively fallen, totaling a decline of 5.82%. Although it opened with a gain of 2.99% today and reached an intraday high of Rs. 104.9, it ultimately closed at its lowest point. The stock has also been trading below its moving averages across various time frames, indicating a bearish trend. Notably, there is an increase in investor participation, with delivery volume rising by 34.18% against the 5-day average, which may suggest some interest despite the overall downward movement.
In the broader market context, Maha Rashtra Apex's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -5.00% while the Sensex has gained 0.53%. Over the past month, the stock has declined by 3.99%, contrasting with a 1.16% increase in the Sensex. Year-to-date, the stock has fallen by 33.36%, while the benchmark has risen by 3.39%. This significant underperformance relative to the market may contribute to negative sentiment among investors, further exacerbating the stock's decline.