Why is Max Financial falling/rising?

As of 03-Jul, Max Financial Services Ltd is experiencing a decline in its stock price, currently at 1,617.20, which reflects a decrease of 28.75 or 1.75%. The stock has underperformed its sector by 1.23% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.27% during this period. Despite this short-term dip, the stock has shown strong performance over the longer term, with a remarkable 62.26% return over the past year and a 101.04% increase over the last three years. However, the recent trading activity indicates a significant drop in investor participation, with delivery volume falling by 73.07% compared to the five-day average, which may contribute to the current price decline.
In the broader market context, the stock's short-term performance of -0.92% over the past week contrasts with the Sensex's decline of only -0.62%, indicating that while both the stock and the benchmark are facing downward pressure, Max Financial is lagging behind. Nevertheless, the company has demonstrated strong long-term fundamentals, evidenced by a 20.54% CAGR growth in net sales, which supports its market-beating performance over longer periods. Despite the recent price drop, the overall outlook remains positive due to the company's historical performance and growth potential.