Why is Marathon Nextgen falling/rising?

As of 24-Jun, Marathon Nextgen Realty Ltd is experiencing a rise in its stock price, currently at 640.60, reflecting an increase of 12.1 points or 1.93%. The stock has shown strong performance today, outperforming its sector by 1.59% and achieving a consecutive gain over the last three days with a total return of 14.39%. It opened with a gain of 2.42% and reached an intraday high of Rs 659.6, although it also touched a low of Rs 612.15. The stock is trading above all key moving averages, indicating positive momentum. However, despite the recent gains, the company faces challenges such as a high Debt to EBITDA ratio and weak long-term fundamental strength, which could impact investor sentiment.
In the broader market context, Marathon Nextgen has significantly outperformed the benchmark Sensex, with a 1-week return of 9.05% compared to the Sensex's 0.58%. Over the past month, the stock has risen by 29.32%, while the Sensex has only increased by 0.41%. This strong relative performance is bolstered by consistent returns over the last three years, although the company has reported negative sales growth and a high proportion of pledged promoter shares, which could pose risks in a declining market. Overall, while the stock is currently rising, its long-term outlook is tempered by fundamental weaknesses.