Why is Max India Ltd falling/rising?

As of 19-Sep, Max India Ltd is currently priced at 208.20, reflecting an increase of 1.85, or 0.9%. However, the stock has underperformed significantly, with a 1-week return of -4.06% and a year-to-date decline of -19.04%. Today's price summary indicates that Max India Ltd is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 66.02% compared to the 5-day average. 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 has been notably weaker than the benchmark, with the Sensex gaining 0.88% over the past week while Max India Ltd has declined by 4.06%. This underperformance highlights a disconnect between the stock's performance and the overall market trend, which may contribute to investor concerns and further selling pressure. The year-to-date performance also shows a stark contrast, with the Sensex up 5.74%, further emphasizing the challenges faced by Max India Ltd in attracting investor confidence.