Why is Marathon Nextgen falling/rising?

As of 17-Jul, Marathon Nextgen Realty Ltd is experiencing a price increase, with its current price at Rs 760.70, reflecting a rise of 10.9 points or 1.45%. The stock has recently hit a new 52-week and all-time high of Rs 774.55, and it has outperformed its sector by 0.49%. Over the last two days, the stock has gained 3.25%, and it opened with a gain of 3.3% today. Additionally, Marathon Nextgen has shown impressive returns over various periods, including a 29.49% increase over the past month and a remarkable 259.07% increase over the last three years. The stock's strong performance is further supported by high institutional holdings at 26.56%, which have increased by 21.86% in the previous quarter, indicating confidence from larger investors.
In the broader market context, Marathon Nextgen's short-term performance contrasts sharply with the Sensex, which has declined by 1.12% over the past week. This divergence highlights the stock's resilience and attractiveness to investors despite broader market challenges. However, it is important to note that the company faces some long-term fundamental weaknesses, such as a high Debt to EBITDA ratio and a low Return on Capital Employed (ROCE) of 9.25%, which may raise concerns among potential investors. Despite these negatives, the stock's consistent returns and rising investor participation suggest a strong current demand, contributing to its upward price movement.