Why is Ajmera Realty falling/rising?

As of 11-Aug, Ajmera Realty & Infra India Ltd is experiencing a price increase, currently at Rs 874.00, reflecting a rise of Rs 23.0 or 2.7%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 1.06%. It reached an intraday high of Rs 878.55, indicating strong intraday performance. Over the past week, the stock has increased by 4.02%, while its one-month performance shows a slight decline of 2.56%. Positive factors contributing to this rise include a low debt-equity ratio of 0.56 times, significant growth in net sales at 33.44%, and a strong PBDIT of Rs 78.23 crore. However, the company faces challenges with a high Debt to EBITDA ratio of 5.31 times and a low average Return on Equity of 8.50%, which may limit its profitability and ability to service debt.
In the broader market context, while Ajmera Realty has outperformed the Sensex in the short term with a 4.02% gain over the past week compared to the Sensex's decline of 0.51%, it has underperformed over the longer term, with a year-to-date decline of 19.02% against the Sensex's increase of 3.15%. Additionally, there has been a notable decrease in institutional investor participation, which could signal concerns about the company's fundamentals. Despite these challenges, the stock has shown strong returns over the past year, outperforming the BSE500, which may attract investor interest and support its recent price increase.