Why is Max India Ltd falling/rising?

As of 24-Sep, Max India Ltd is experiencing a decline in its stock price, currently at 201.00, reflecting a decrease of 4.25, or 2.07%. The stock has underperformed significantly today, with a performance that is 100.19% lower than its sector. 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 drop, falling by 66.02% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has declined by 5.43%, and year-to-date, it has dropped by 21.84%, contrasting sharply with the Sensex, which has gained 4.58% during the same period.
In the broader market context, Max India Ltd's short-term performance has been notably weaker than the benchmark, as it has lost more than five times the percentage that the Sensex has declined over the past week. This underperformance is further highlighted by the stock's year-to-date returns, which are significantly negative compared to the positive returns of the Sensex. The lack of available positive or negative factors in the dashboard suggests that there are no recent catalysts to support a rebound in the stock price, contributing to the ongoing downward trend.