Why is Maha Rashtra Apx falling/rising?

As of 09-Oct, Maha Rashtra Apex Corporation Ltd is experiencing a decline in its stock price, currently at Rs. 92.05, which represents a decrease of Rs. 3.98 or 4.14%. The stock has hit a new 52-week low today and has underperformed its sector by 4.74%. Over the past two days, the stock has been on a consecutive downward trend, falling by 8.12%. Additionally, it has shown poor performance over various periods, with a year-to-date decline of 37.85% and a one-year decline of 41.96%. The stock is trading below all major moving averages, indicating a bearish trend. Although there has been a significant increase in delivery volume, suggesting rising investor participation, the overall sentiment remains negative.
Broader market context indicates that while the Sensex has gained 1.47% over the past week, Maha Rashtra Apex has declined by 7.43% in the same period, highlighting a stark contrast between the stock's performance and the broader market. The stock's high volatility, with an intraday volatility of 7.01%, further reflects the uncertainty surrounding it. Despite the liquidity being adequate for trading, the significant underperformance against the benchmark and the overall market trend contribute to the stock's downward movement.