Why is Ajmera Realty falling/rising?

As of 08-Jul, Ajmera Realty & Infra India Ltd's stock price is currently at 914.20, reflecting an increase of 2.0 (0.22%). The stock has been gaining for the last three days, with a total return of 1.93% during this period. It opened with a gain of 2.06% today and reached an intraday high of Rs 941.25, indicating positive short-term momentum. However, despite a strong performance over the past year with a return of 20.31%, the stock has underperformed its sector today by 0.89%. The company has shown consistent returns over the last three years but 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 deter long-term investors.
In the broader market context, Ajmera Realty's short-term performance of +1.13% over the past week contrasts with the Sensex, which has only increased by 0.02%. This indicates that the stock is performing better than the benchmark in the short term. However, the stock's year-to-date performance shows a decline of 15.30%, while the Sensex has gained 7.13%, highlighting a significant underperformance over a longer period. The falling investor participation, with a decrease in delivery volume, suggests a lack of confidence among investors, which could impact future price movements. Overall, while there are short-term gains, the underlying financial health of the company raises concerns that may limit sustained upward momentum.