Why is 3P Land Hold. falling/rising?

As of 13-Aug, 3P Land Holdings Ltd is experiencing a rise in its stock price, currently at Rs 49.57, reflecting an increase of Rs 1.96 or 4.12%. The stock has shown strong performance recently, outperforming its sector by 5.47% today and achieving a consecutive gain over the last three days with a total return of 9.14%. It reached an intraday high of Rs 50.64, although it also touched a low of Rs 46.5 during the day. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 29.13% against the five-day average. The stock has consistently generated returns, outperforming the BSE500 over the last three years, but it faces challenges with weak long-term fundamentals, indicated by a low return on equity of 1.48% and a high PEG ratio of 5.3.
In the broader market context, the stock's short-term return of 11.19% over the past week contrasts sharply with the Sensex, which has remained flat at -0.01%. While the stock has shown resilience in the short term, its year-to-date performance is down 16.05%, compared to a 3.07% increase in the Sensex. This divergence highlights the stock's recent strength against a generally stable market backdrop, although its long-term growth prospects remain questionable due to flat earnings results and a premium valuation compared to peers.