Why is Max India Ltd falling/rising?

As of 05-Sep, Max India Ltd is currently priced at 221.20, reflecting a slight increase of 0.25 (0.11%). Despite this minor uptick, the stock has underperformed 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. Year-to-date, the stock has decreased by 13.98%, contrasting with a positive return of 3.29% for the benchmark Sensex over the same period.
In the broader market context, Max India Ltd's short-term performance over the past week shows a gain of 0.84%, which is lower than the Sensex's increase of 1.13%. This underperformance highlights the stock's struggle to keep pace with the market, despite a strong long-term return of 180.14% over the past three years compared to the Sensex's 36.23%. The lack of available positive or negative factors further complicates the assessment of the stock's recent movement, leaving a gap in understanding the specific catalysts behind its current price dynamics.