Why is Max Estates falling/rising?

As of 22-Jul, Max Estates Ltd is experiencing a price increase, currently at 550.00, reflecting a rise of 5.2 points or 0.95%. The stock has shown strong performance today, outperforming its sector by 1.75% and reaching an intraday high of Rs 560, which is a 2.79% increase. Over the past week, the stock has gained 6.01%, and over the past month, it has risen by 9.40%, while the year-to-date performance shows a decline of 3.16%. The company has reported positive results in the last two consecutive quarters, with net sales growing by 47.32% and PAT increasing by 215.0% compared to the previous four-quarter average. Additionally, the stock has a low debt-to-equity ratio and high institutional holdings at 33.73%, indicating strong investor confidence.
In the broader market context, the Sensex has seen a slight decline of 0.47% over the past week and 0.27% over the past month, contrasting with Max Estates' positive short-term returns. This suggests that the stock is performing well relative to the overall market, which may be contributing to its rising price. The increased investor participation, with delivery volume rising by 42.6% against the five-day average, further supports the stock's upward movement, indicating a growing interest among investors despite the broader market's challenges.