Why is Max Estates falling/rising?

As of 16-Jul, Max Estates Ltd is currently priced at Rs 514.60, reflecting a decrease of Rs 4.2 or 0.81%. The stock has underperformed its sector by 1.26% today and has experienced a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 504.65, which is a decline of 2.73%. Despite this recent downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 4.73%, although it has a year-to-date decline of 9.39%. The company has reported positive results in the last two quarters, with net sales growing by 47.32% and a significant increase in profit after tax of 215.0%. Additionally, the low debt-to-equity ratio and high institutional holdings at 33.73% suggest a stable financial position, which could support the stock despite recent price declines.
In the broader market context, the Sensex has shown a decline of 1.08% over the past week, while Max Estates has outperformed this benchmark during the same period. However, the stock's year-to-date performance is notably weaker compared to the Sensex, which has gained 5.75%. The falling investor participation, indicated by a 48.24% drop in delivery volume, may also be contributing to the stock's current price movement. Overall, while the company has demonstrated strong fundamentals, the recent price drop may be influenced by market sentiment and reduced trading activity.