Why is 3P Land Hold. falling/rising?

As of 31-Jul, 3P Land Holdings Ltd is experiencing a price increase, currently at Rs 46.31, which reflects a rise of Rs 1.54 or 3.44%. Today's price summary indicates that the stock has outperformed its sector by 3.14%, reaching an intraday high of Rs 52.6, which is a significant increase of 17.49%. Despite a recent decline of 8.15% over the past month and a year-to-date drop of 21.57%, the stock has shown strong performance over the last year with a return of 22.74%. The company has consistently generated returns over the past three years, although it faces challenges such as a low return on equity (ROE) of 1.48% and a high price-to-earnings growth (PEG) ratio of 5.2, indicating potential overvaluation compared to its peers.
In the broader market context, the stock's short-term performance has been notably better than the benchmark, with a 1-week decline of 4.12% compared to the Sensex's 1.22% drop. This suggests that while the stock has faced some recent volatility, it is currently benefiting from increased investor participation, as evidenced by a significant rise in delivery volume. However, the stock's long-term fundamentals remain weak, with flat results reported in June and an EPS of Rs 0.21, which may temper investor enthusiasm despite the recent price rise. Overall, while the stock is currently rising, its long-term growth prospects and valuation concerns could influence future performance.