Why is Max Financial falling/rising?

As of 20-Jun, Max Financial Services Ltd is experiencing a price increase, with its current price at Rs 1,596.80, reflecting a rise of Rs 26.75 or 1.7%. The stock has shown strong performance, gaining 4.23% over the past week and 16.30% over the last month, significantly outperforming the Sensex, which has increased by only 1.59% and 1.50% in the same periods, respectively. Additionally, the stock is trading above its moving averages across various time frames, indicating a positive trend. Despite a recent decline in investor participation, with delivery volume dropping by 43.47% against the 5-day average, the stock's long-term fundamentals remain robust, supported by a 20.54% CAGR growth in net sales.
In the broader market context, Max Financial's performance has been impressive, with a year-to-date return of 43.60% compared to the Sensex's 5.46%, showcasing its ability to outperform the market significantly. The stock's recent gains come after two days of consecutive declines, suggesting a potential trend reversal. Furthermore, its close proximity to the 52-week high indicates strong investor interest, despite the noted decrease in trading volume. Overall, the combination of strong long-term fundamentals and recent positive price movements contributes to the stock's rising trajectory.