Why is Max Estates falling/rising?

As of 11-Sep, Max Estates Ltd is experiencing a decline in its stock price, currently at Rs 439.65, reflecting a decrease of Rs 11.4 or 2.53%. Today's performance indicates that the stock has underperformed its sector by 2.67%, with an intraday low of Rs 438, marking a drop of 2.89%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 42.96% compared to the 5-day average. Despite positive results in the last three quarters, including a remarkable growth in PAT and net sales, the company faces challenges with poor long-term growth and a high valuation relative to its fundamentals, which may be contributing to the stock's downward movement.
In the broader market context, Max Estates has shown a short-term return of 1.29% over the past week, outperforming the Sensex, which gained 1.03%. However, the stock's year-to-date performance is concerning, with a decline of 22.59%, while the Sensex has increased by 4.36% during the same period. The stock's long-term performance is also troubling, with a 27.83% drop over the past year, indicating that it has consistently underperformed compared to broader market indices. This combination of short-term volatility and long-term underperformance may be influencing investor sentiment negatively, leading to the current decline in stock price.