Why is 3P Land Hold. falling/rising?

As of 25-Aug, 3P Land Holdings Ltd is experiencing a decline in its stock price, currently at 47.51, reflecting a decrease of 0.77 or 1.59%. The stock has underperformed its sector significantly, with a performance today that is 10.6% lower than the sector average. Over the past week, the stock has dropped by 7.93%, while it has shown a modest gain of 1.19% over the last month. Despite generating a return of 1.30% over the past year, the stock's long-term fundamentals appear weak, with a low return on equity of 1.48% and a concerning price-to-book ratio indicating it is trading at a premium compared to peers. Additionally, the company reported flat results in June, with the lowest earnings per share at Rs 0.21, contributing to investor skepticism.
In the broader market context, the Sensex has gained 0.45% over the past week, contrasting sharply with 3P Land Holdings' significant decline. The stock's liquidity is adequate, but a notable drop in delivery volume by 64.42% against the five-day average suggests falling investor participation, which could further pressure the stock price. While the Paper & Paper Products sector has gained by 9.18%, 3P Land Holdings' performance has not kept pace, highlighting its struggles in a rising market. Overall, the combination of weak fundamentals, underperformance relative to the sector, and declining investor interest are contributing to the stock's downward trajectory.