Why is Max Heights falling/rising?

As of 08-Aug, Max Heights Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 12.00, which reflects a decrease of Rs 0.3 or 2.44%. The stock has shown a negative performance, underperforming its sector by 0.45% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.96% during this period. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Over the past month, the stock has decreased by 18.20%, and year-to-date, it has plummeted by 60.26%. It is also close to its 52-week low, just 2.33% away from Rs 11.72.
In the broader market context, the Sensex has only decreased by 0.92% over the past week, suggesting that Max Heights is underperforming relative to the overall market. The construction and real estate sector has also seen a decline of 2.04%, which may be contributing to the negative sentiment surrounding Max Heights. Despite a significant increase in delivery volume by 185.65% compared to the 5-day average, indicating rising investor participation, the overall liquidity remains low, which could be impacting the stock's ability to recover. The stark contrast between the stock's performance and the benchmark highlights the challenges Max Heights is facing in the current market environment.