Why is Max Estates falling/rising?

As of 03-Sep, Max Estates Ltd is experiencing a price increase, currently at 449.60, reflecting a change of 7.0 or 1.58% upward. Despite this positive movement today, the stock has shown a decline of 1.63% over the past week and 4.24% over the past month, indicating a trend of underperformance in the short term. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.81% compared to the 5-day average. However, the company has reported positive results for the last three consecutive quarters, with a remarkable growth in PAT and net sales, alongside a low debt-to-equity ratio and high institutional holdings, which may contribute to the recent uptick in price.
In the broader market context, Max Estates has underperformed relative to the Sensex, which has only declined by 0.27% over the past week, while Max Estates has dropped by 1.63%. This indicates that the stock's recent rise is somewhat isolated from the overall market trend. Furthermore, the long-term outlook remains concerning, as the company has shown poor growth in operating profit over the last five years and has generated a return of -31.40% over the past year. Despite the positive quarterly results and high institutional interest, the stock's expensive valuation and underperformance compared to broader indices suggest that investors may remain cautious moving forward.