Why is Max India Ltd falling/rising?

As of 06-Oct, Max India Ltd's stock price is currently at 212.00, reflecting a decline of 7.1 points or 3.24%. The stock has underperformed significantly today, with a performance that is 100.19% lower than its sector. 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 decreased by 0.82%, and it has experienced a year-to-date decline of 17.56%, while the benchmark Sensex has gained 4.67% during the same period.
In the broader market context, Max India Ltd's recent performance contrasts sharply with the Sensex, which has risen by 1.77% over the past week and 4.67% year-to-date. This divergence indicates that while the overall market is experiencing positive momentum, Max India Ltd is struggling to keep pace. The stock's long-term performance shows a significant increase over three and five years, but the recent short-term trends highlight ongoing challenges that may be contributing to the current decline. The absence of positive factors in the dashboard further emphasizes the difficulties the company is facing in attracting investor interest amidst a generally favorable market environment.