Why is Max Heights falling/rising?

As of 29-Oct, Max Heights Infrastructure Ltd is experiencing a price increase, currently at Rs 13.91, reflecting a rise of 1.26 or 9.96%. The stock has shown strong performance today, outperforming its sector by 9.23% and achieving a consecutive gain over the last three days, with a total return of 13.37% during this period. It opened with a significant gain of 9.96% and reached an intraday high of Rs 13.91. However, despite this positive movement, the stock's delivery volume has decreased by 61.89% compared to the five-day average, indicating a decline in investor participation. Year-to-date, the stock is down 53.94%, and over the past year, it has fallen by 43.91%, which highlights a challenging longer-term performance relative to the market.
In the broader market context, the Sensex has shown a modest increase of 0.68% over the past week, while Max Heights has outperformed with a return of 15.34% in the same timeframe. Although the stock has seen a strong short-term performance, its year-to-date decline contrasts sharply with the Sensex's gain of 8.78%. This disparity suggests that while the stock is currently experiencing a positive momentum, it still faces significant challenges in regaining investor confidence and aligning with broader market trends.