Why is Max Heights falling/rising?

As of 25-Jul, Max Heights Infrastructure Ltd is currently priced at 12.89, reflecting a decrease of 0.05 or 0.39%. The stock has underperformed significantly over the past year, with a return of -76.77%, while also showing a decline of 21.35% over the past month. Today's performance indicates that it has outperformed its sector by 0.5%, but it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 74.51% against the 5-day average. The company's financials reveal a very attractive valuation with a low return on capital employed (ROCE) of 1.3, but it has also faced significant operating losses and a high debt-to-equity ratio, contributing to its weak long-term fundamental strength.
In the broader market context, the stock's short-term return of -0.23% over the past week is slightly better than the benchmark Sensex, which declined by 0.36%. However, the stark contrast in long-term performance is evident, as Max Heights has generated a return of -57.32% year-to-date compared to the Sensex's positive return of 4.25%. This underperformance is compounded by the company's declining profits, which have fallen by 71% over the past year, indicating ongoing challenges that may deter investors. Overall, the combination of poor financial performance, high debt levels, and declining investor interest suggests a continued downward pressure on the stock price.