Why is Marathon Nextgen falling/rising?

As of 10-Jul, Marathon Nextgen Realty Ltd is experiencing a decline in its stock price, currently at Rs 687.80, which reflects a decrease of Rs 13.65 or 1.95%. The stock has underperformed its sector by 2.42% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.95%. Despite a strong performance over the past year with a return of 16.73%, recent financial results have shown negative trends, including a significant drop in profit before tax and net sales. Additionally, the company has a high debt to EBITDA ratio, indicating weak long-term fundamental strength, which may contribute to investor concerns. The high percentage of pledged promoter shares, now at 91.46%, further exacerbates the downward pressure on the stock price.
In the broader market context, Marathon Nextgen has shown strong returns over various periods, outperforming the Sensex with a 5.01% increase over the past week and an 18.59% increase over the past month. However, the current decline contrasts with these longer-term gains and highlights a potential disconnect between recent performance and investor sentiment. The falling investor participation, evidenced by a 37.14% drop in delivery volume, suggests that market participants may be cautious, particularly in light of the company's recent negative financial indicators. Overall, while the stock has shown impressive returns historically, current challenges are leading to its recent price decline.