Why is Maha Rashtra Apx falling/rising?

As of 09-Sep, Maha Rashtra Apex Corporation Ltd is experiencing a price increase, currently at Rs 101.90, reflecting a rise of Rs 3.2 or 3.24%. The stock has shown a trend reversal after three consecutive days of decline, opening with a gain of 2.43% today and reaching an intraday high of Rs 103.35. Despite this positive movement, the stock remains 3.14% away from its 52-week low and is trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, there has been a notable increase in investor participation, with delivery volume rising by 86.16% compared to the 5-day average. However, the stock's year-to-date performance is significantly negative at -31.20%, and it has underperformed against the benchmark Sensex over various periods.
In the broader market context, the Sensex has shown a positive return of 1.18% over the past week and 1.56% over the past month, contrasting with Maha Rashtra Apex's declines of -1.97% and -0.88% respectively. This indicates that while the stock is currently experiencing a short-term recovery, it has struggled to keep pace with the overall market trends. The stock's long-term performance is also concerning, with a 39.86% decline over the past year compared to a slight drop of 0.56% in the Sensex. This disparity highlights the challenges faced by Maha Rashtra Apex in gaining traction in a generally positive market environment.