Why is Max India Ltd falling/rising?

As of 14-Aug, Max India Ltd is currently priced at 204.45, reflecting a decrease of 2.85, or 1.37%. The stock has underperformed its sector significantly today, with a performance gap of -100.19%. Additionally, it is trading below 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, falling by 66.02% compared to the 5-day average, suggesting reduced investor participation. Year-to-date, the stock has decreased by 20.49%, and over the past year, it has dropped by 29.91%, while its 3-year return shows a strong increase of 183.33%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Max India Ltd's short-term performance over the past week shows a slight increase of 0.12%, while the benchmark Sensex has experienced a marginal decline of 0.03%. However, over the past month, Max India Ltd has outperformed the Sensex, gaining 11.57% compared to the benchmark's loss of 2.01%. Despite this recent outperformance, the overall year-to-date and yearly declines indicate that the stock is struggling relative to the broader market, which has seen a 3.15% increase year-to-date. This context suggests that while there may have been some short-term gains, the overall trend for Max India Ltd remains negative.