Why is Ajmera Realty falling/rising?

As of 03-Jul, Ajmera Realty & Infra India Ltd is experiencing a decline in its stock price, currently at Rs 896.85, which reflects a decrease of Rs 11.5 or 1.27%. Today, the stock opened with a gain of 3.37% but subsequently fell to an intraday low of Rs 888, indicating volatility. The stock has underperformed its sector by 1.89% today, and the weighted average price suggests that more volume was traded closer to the low price. Over the past week, the stock has decreased by 2.66%, while it has shown a positive return of 8.26% over the last month. Despite generating a 26.31% return over the past year, the company faces challenges with weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 9.62% and a high Debt to EBITDA ratio of 5.31 times, which may contribute to investor concerns.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only declined by 0.62% over the past week. While the stock has outperformed the benchmark over the last year and three years, its year-to-date performance shows a significant decline of 16.90% compared to the Sensex's increase of 6.53%. The falling investor participation, evidenced by a 37.03% drop in delivery volume, further indicates a lack of confidence among investors. Additionally, the absence of domestic mutual fund holdings may suggest that institutional investors are wary of the stock's current valuation and long-term growth prospects, contributing to its recent price decline.