Why is Ajmera Realty falling/rising?

As of 13-Aug, Ajmera Realty & Infra India Ltd's stock price is currently at Rs 894.00, reflecting an increase of Rs 13.0 or 1.48%. The stock has shown a positive trend recently, gaining for the last three days with a total return of 5.05% during this period. It has outperformed its sector by 1.42% today and reached an intraday high of Rs 909.7, which is a 3.26% increase. Despite these gains, the stock has experienced a decline of 2.30% over the past week and a 0.33% decrease over the past month. The company has reported its highest net sales and PBDIT in the last quarter, but it also faces challenges such as a high Debt to EBITDA ratio of 5.31 times, indicating low ability to service debt, and a relatively low Return on Equity of 8.50%, which suggests limited profitability.
In the broader market context, while Ajmera Realty's stock has outperformed the BSE500 index over the past year with a return of 29.57%, it has underperformed in the short term compared to the benchmark, which has remained nearly flat at -0.01% over the past week. The stock's liquidity remains adequate for trading, but there is a noted decline in investor participation, particularly among institutional investors, who have reduced their stake by 0.75% in the last quarter. This decrease in institutional interest may reflect concerns regarding the company's financial health, particularly its high debt levels and valuation metrics, which could impact future stock performance.