Why is Max India Ltd falling/rising?

As of 09-Sep, Max India Ltd is experiencing a decline in its stock price, currently at 217.00, which reflects a decrease of 0.6 or 0.28%. 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 drop of 66.02% compared to the 5-day average, suggesting a decrease in investor participation. Over the past week, the stock has declined by 0.96%, while it has shown a modest gain of 6.22% over the past month. However, year-to-date, it has underperformed significantly with a drop of 15.61%.
In the broader market context, the Sensex has increased by 1.18% over the past week and 1.56% over the past month, indicating that the overall market sentiment is positive. Despite this, Max India Ltd's year-to-date performance is notably poor compared to the benchmark, which has risen by 3.79%. This divergence suggests that while the market is generally favorable, Max India Ltd is struggling to attract investor interest, which is reflected in its declining stock price and reduced trading volume. The lack of available positive factors further emphasizes the challenges the company is facing in the current market environment.