Why is Ajmera Realty falling/rising?

As of 09-Jul, Ajmera Realty & Infra India Ltd is currently priced at 913.30, reflecting a decrease of 0.9 or 0.1%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite outperforming its sector by 1.21% today, the stock has shown a decline of 2.52% over the past month, while it has generated a notable return of 20.97% over the past year. However, the company faces challenges, including weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 9.62% and a high Debt to EBITDA ratio of 5.31 times. Additionally, the recent financial performance shows a decline in profit before tax and profit after tax, which may contribute to investor concerns.
In the broader market context, the stock's short-term performance of +0.54% over the past week contrasts with the Sensex's modest gain of +0.15%, indicating a relatively stronger performance in the short term. However, the year-to-date return of -15.38% significantly lags behind the Sensex's +6.91%, suggesting that while the stock has had periods of outperformance, it is currently under pressure compared to the overall market. The lack of domestic mutual fund investment, holding only 0% of the company, may also reflect a lack of confidence in the stock's valuation or business prospects, further influencing its price movement.