Why is Mahindra Logis. falling/rising?

As of 11-Nov, Mahindra Logistics Ltd is experiencing a decline in its stock price, currently at Rs 335.35, which reflects a decrease of Rs 3.2 or 0.95%. The stock has underperformed its sector by 1.18% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.22% during this period. Additionally, the stock's performance over various time frames shows a significant underperformance compared to the benchmark Sensex, with a year-to-date decline of 11.58% against the Sensex's gain of 7.34%. The stock's delivery volume has also decreased sharply, falling by 45.99% compared to the 5-day average, indicating a drop in investor participation. Despite being above the 200-day moving average, it is below the shorter-term moving averages, suggesting a bearish sentiment in the near term.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.49% over the past week while Mahindra Logistics has declined by 2.39%. This divergence highlights the stock's struggles in a generally positive market environment. The presence of majority shareholders, the promoters, may provide some stability; however, the overall negative trends in stock performance and investor participation are likely contributing to the downward pressure on the stock price.