Why is Max Heights falling/rising?

As of 20-Oct, Max Heights Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 12.00, which reflects a decrease of Rs 1.22 or 9.23%. The stock has underperformed significantly today, with a performance that is 9.96% lower than its sector. Although it opened with a gain of 2.04% and reached an intraday high of Rs 14.44, it also touched a low of Rs 11.90, indicating high volatility with an intraday fluctuation of 9.64%. Over the past week, the stock has decreased by 6.98%, and its year-to-date performance shows a staggering decline of 60.26%. Additionally, the stock is trading below all major moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 81.29% compared to the five-day average.
In the broader market context, the Sensex has shown a positive return of 2.47% over the past week, contrasting sharply with Max Heights' negative performance. This divergence highlights the stock's struggles relative to the overall market. The stock's performance over the last month and year also reflects a downward trend, with declines of 11.11% and 67.44%, respectively, while the benchmark has posted gains. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest, contributing to the downward pressure on the stock price.