Why is 3P Land Hold. falling/rising?

As of 16-Sep, 3P Land Holdings Ltd is experiencing a slight increase in its stock price, currently at 45.59, reflecting a change of 0.26 or 0.57% upward. The stock has shown a positive trend over the last two days, gaining 2.33% during this period. However, it is important to note that while the stock has outperformed the benchmark Sensex in the short term with a 1-week return of +2.45% compared to the Sensex's +1.58%, it has underperformed over the longer term, with a year-to-date decline of -22.79%. Additionally, the stock's delivery volume has significantly decreased, indicating falling investor participation, which could be a concern for future price movements. Despite generating a modest return of 3.92% over the past year, the company's weak long-term fundamentals, characterized by a low return on equity of 1.48% and a high PEG ratio of 5.1, suggest that the stock may be overvalued compared to its peers.
In the broader market context, the stock's recent performance aligns with a general upward trend in the sector, but it remains crucial to consider its long-term trajectory. While the stock has shown resilience with consistent returns over the last three years, the overall market has been more favorable, as evidenced by the Sensex's year-to-date gain of +5.43%. The stock's poor long-term growth prospects, highlighted by flat earnings results and a significant drop in delivery volume, may contribute to investor caution. Therefore, despite the recent uptick, the combination of weak fundamentals and declining investor interest suggests that the stock's upward movement may not be sustainable in the long run.