Why is Max Heights falling/rising?

As of 16-Jul, Max Heights Infrastructure Ltd is currently priced at Rs. 13.13, reflecting an increase of Rs. 0.33 or 2.58%. The stock has recently outperformed its sector by 2.13%, gaining after two consecutive days of decline. However, it has hit a new 52-week low of Rs. 12.22 today and is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a staggering return of -79.16%, with profits falling by -71%. Despite a very attractive valuation with a low enterprise value to capital employed ratio, the company's weak long-term fundamentals, including high debt and operating losses, contribute to the stock's volatility.
In the broader market context, the stock has underperformed the Sensex significantly, with a one-week return of -6.15% compared to the benchmark's -1.08%. The stock's performance over the last month and year is also concerning, with declines of -19.84% and -79.16%, respectively, while the Sensex has shown positive returns in the same periods. This stark contrast highlights the challenges faced by Max Heights, including poor long-term growth and low profitability, which have led to falling investor participation and liquidity issues.