Why is Max India Ltd falling/rising?

As of 04-September, Max India Ltd's stock price is currently at 220.95, reflecting a decrease of 1.1, or 0.5%. The stock has underperformed its sector significantly today, with a performance lag 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% against the 5-day average, suggesting reduced investor participation. Year-to-date, the stock has dropped by 14.08%, while it has shown a modest gain of 4.34% over the past month, contrasting with the benchmark Sensex, which has increased by 0.80% in the same week.
In the broader market context, Max India Ltd's recent performance has been weak compared to the Sensex, particularly in the short term, where it has underperformed by 0.02% over the past week while the benchmark has gained 0.80%. This underperformance is compounded by the stock's year-to-date decline, contrasting sharply with the Sensex's positive return of 3.30%. The lack of positive factors in the dashboard further emphasizes the challenges facing the stock, contributing to its downward movement in the market.