Why is Max India Ltd falling/rising?

As of 03-Sep, Max India Ltd is currently priced at 222.05, reflecting an increase of 2.95, or 1.35%. Despite this positive movement today, the stock has been underperforming its sector significantly, with a performance today that is down by 100.19%. Additionally, the stock 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 of 66.02% compared to the 5-day average, suggesting a decrease in investor participation. Over the past week, the stock has gained 1.86%, while it has increased by 5.94% over the past month. However, its year-to-date performance shows a decline of 13.65%, indicating longer-term challenges.
In the broader market context, the Sensex has experienced a slight decline of 0.27% over the past week and a negligible change of 0.04% over the past month. While Max India Ltd has outperformed the benchmark in the short term, its year-to-date performance is notably worse than the Sensex, which has gained 3.11% in the same period. This contrast highlights the stock's struggles despite recent gains, as it has not kept pace with the overall market trends. The lack of available positive or negative factors further complicates the understanding of the stock's recent movements, leaving a gap in the analysis of its performance drivers.