Why is Max Estates falling/rising?

As of 24-Jun, Max Estates Ltd is currently priced at 516.00, reflecting a slight increase of 0.5 (0.1%). The stock has been gaining momentum, having risen for the last three consecutive days with a total return of 5.93% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 129.81% compared to the 5-day average. The company has reported strong financial performance, with net sales growing by 47.32% and a remarkable 215.0% increase in profit after tax over the last quarter, supported by a low debt-to-equity ratio and high institutional holdings at 33.73%.
In the broader market context, Max Estates has outperformed the benchmark Sensex over the past week and month, with returns of 1.82% and 6.51%, respectively, compared to the Sensex's 0.58% and 0.41%. However, the stock is down 9.15% year-to-date, while the Sensex has gained 5.01% during the same period. This indicates that while the stock is currently experiencing a positive short-term trend, it has struggled in the longer term relative to the broader market. The recent positive financial results and increased investor interest may be contributing to the stock's upward movement, despite its overall year-to-date decline.