Why is 3P Land Hold. falling/rising?

As of 13-Jun, 3P Land Holdings Ltd is experiencing a decline in its stock price, currently at Rs 52.40, which reflects a decrease of Rs 3.6 or 6.43%. The stock has been underperforming, having fallen for the last two days with a total drop of 9.06%. It opened significantly lower today, down by 8.93%, and reached an intraday low of Rs 51. Additionally, the stock's delivery volume has decreased sharply by 72.34% compared to the 5-day average, indicating falling investor participation. Despite its strong performance over the longer term, with a 1-year return of 66.19% and a 3-year return of 282.20%, the recent trends suggest a negative sentiment surrounding the stock.
Broader Market Context: In the short term, the stock has underperformed the benchmark Sensex, which has declined by 1.30% over the past week, while 3P Land Holdings Ltd has seen a smaller decline of 0.66%. This indicates that while the stock is falling, it is doing so at a slower rate than the overall market. The broader market context shows that the stock's year-to-date performance is notably poor at -11.26%, contrasting with the Sensex's positive return of 3.81%. This disparity highlights the challenges faced by 3P Land Holdings Ltd in maintaining investor confidence amidst broader market fluctuations.