Why is Max India Ltd falling/rising?

As of 16-Sep, Max India Ltd's stock price is currently at 218.05, reflecting a decrease of 0.2, or 0.09%. The stock has underperformed its sector significantly today, with a performance lag of 100.19%. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The delivery volume has also seen a substantial decline, falling by 66.02% compared to the 5-day average, indicating a drop in investor participation. Year-to-date, the stock has decreased by 15.20%, while it has shown a modest increase of 7.76% over the past month, suggesting some recent recovery, although it remains down 6.40% over the past year. There are no positive or negative factors available to 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 gain of 0.48%, which is notably lower than the benchmark Sensex's increase of 1.58%. This underperformance highlights the stock's struggle to keep pace with the overall market trend, particularly in light of its significant year-to-date decline compared to the Sensex's gain of 5.43%. The combination of declining investor interest and poor relative performance against the benchmark suggests that Max India Ltd is facing challenges that are impacting its stock price negatively.