Why is Marathon Nextgen falling/rising?

As of 26-Jun, Marathon Nextgen Realty Ltd is experiencing a price increase, currently at 633.40, reflecting a change of 4.85 (0.77%) upward. The stock has shown strong performance, outperforming the sector by 1.53% today and reaching an intraday high of Rs 653, which is a 3.89% increase. Over the past week, the stock has risen by 13.11%, and over the past month, it has surged by 28.56%. However, despite these positive movements, there are concerns regarding falling investor participation, as the delivery volume has decreased by 42.84% against the 5-day average. Additionally, while the stock has generated a return of 11.04% over the last year, it faces challenges such as a high Debt to EBITDA ratio and a low Return on Capital Employed (ROCE) of 9.25%, which may impact its long-term strength.
In the broader market context, Marathon Nextgen's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 2.94% over the past week. The stock's consistent returns over the last three years, coupled with its ability to outperform the BSE 500 in each of the last three annual periods, contribute positively to its current momentum. However, the high percentage of pledged promoter shares (91.46%) raises concerns about potential downward pressure in adverse market conditions. Overall, while the stock is currently rising, the underlying financial weaknesses and market dynamics present a mixed outlook for its future performance.