Why is Max India Ltd falling/rising?

As of 18-Jul, Max India Ltd's stock price is currently at 201.75, reflecting a decrease of 1.45, or 0.71%. The stock has underperformed its sector significantly, with a performance today that is down by 100.19%. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also seen a substantial decline of 66.02% compared to the 5-day average, suggesting a decrease in investor participation. Over the past week, the stock has shown a positive return of 7.97%, but it has a year-to-date decline of 21.54% and a one-year decline of 30.07%, which highlights its overall poor performance despite some recent short-term gains.
In the broader market context, while Max India Ltd has outperformed the Sensex over the past week and month, the stock's year-to-date and one-year returns are significantly lower than the benchmark, which has gained 4.63% and 0.51%, respectively. This disparity indicates that while the stock may have had a brief resurgence, it remains under pressure compared to the overall market performance. The lack of positive factors in the dashboard further emphasizes the challenges the company faces in regaining investor confidence amidst a declining trend in participation and liquidity.