Why is Max India Ltd falling/rising?

As of 17-Sep, Max India Ltd's stock price is currently at 212.55, reflecting a decrease of 5.5, or 2.52%. The stock has underperformed its sector significantly today, with a performance drop of 100.19%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 66.02% compared to the 5-day average. Year-to-date, the stock has decreased by 17.34%, while over the past year, it has seen a decline of 5.81%. Unfortunately, there is no information available regarding positive or negative factors that could 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 decline of 2.90%, contrasting with the Sensex, which has increased by 1.56%. This underperformance highlights the stock's struggles relative to the benchmark index. While the stock has shown some recovery over the past month with a gain of 5.04%, it still lags behind the Sensex's 2.60% increase during the same period. Overall, the combination of negative price movement, declining investor interest, and underperformance against the benchmark suggests a challenging environment for Max India Ltd.