Why is Max Estates falling/rising?

As of 24-Sep, Max Estates Ltd is currently priced at 456.20, reflecting a slight increase of 0.3 (0.07%). Today's performance indicates that the stock has outperformed its sector by 2.49%, despite the broader construction and real estate sector experiencing a decline of 2.38%. However, the stock has shown a negative trend over the past week, with a return of -3.16%, and it has underperformed the benchmark Sensex over various periods, including a year-to-date decline of 19.68%. The company has reported positive results over the last three consecutive quarters, with net sales growing by 38.68% and a significant increase in profit after tax, which may contribute to the recent price stability. Nevertheless, the stock's long-term growth outlook is hindered by a negative annual operating profit growth rate of -9.56% over the last five years and a very expensive valuation indicated by a price-to-book ratio of 3.2.
In the broader market context, while Max Estates has outperformed its sector today, its overall performance remains concerning when compared to the Sensex, which has shown a positive return of 4.58% year-to-date. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation, as evidenced by a 42.45% decrease in delivery volume, suggests a lack of confidence among investors. Additionally, despite high institutional holdings at 33.4%, which typically indicate a strong analysis of fundamentals, the stock's negative returns over the past year and its poor long-term growth prospects may continue to weigh on its price movements.