Why is Max India Ltd falling/rising?

As of 24-Jul, Max India Ltd is currently priced at 219.30, reflecting a decrease of 1.0, or 0.45%. The stock has underperformed its sector significantly today, with a performance that is 100.19% lower than the sector average. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has also seen a notable decline in investor participation, with delivery volume falling by 66.02% compared to the 5-day average. Over the past week, the stock has gained 7.92%, but it has a year-to-date decline of 14.72% and a one-year decline of 25.57%, indicating a challenging performance over longer periods.
In the broader market context, while Max India Ltd has shown a positive return of 19.18% over the past month, the benchmark Sensex has only increased by 0.16% during the same period. This suggests that the stock has been performing relatively well in the short term compared to the benchmark. However, the year-to-date performance of Max India Ltd is significantly worse than the Sensex, which has gained 5.18% this year. This disparity highlights the stock's struggles despite recent short-term gains, contributing to its current downward price movement.