Why is Arihant Super. falling/rising?

As of 27-Jun, Arihant Superstructures Ltd is experiencing a price increase, currently at Rs 384.85, reflecting a rise of Rs 8.1 or 2.15%. The stock has shown strong performance today, outperforming its sector by 3.28% and reaching an intraday high of Rs 387.6. Over the past week, the stock has gained 5.34%, while it has also generated a return of 13.89% over the last year, significantly outperforming the BSE 500 in each of the last three annual periods. However, the company faces challenges, including high debt levels and weak long-term fundamental strength, with a debt-to-equity ratio averaging 1.84 times. Additionally, the company reported negative results in March 2025, with a significant decline in profit before tax and profit after tax compared to previous quarters, which may impact investor sentiment.
In the broader market context, the stock's short-term return of 5.34% over the past week surpasses the Sensex's gain of 2.00%, indicating a stronger performance relative to the benchmark. Despite this, the stock has underperformed year-to-date with a decline of 18.23%, while the Sensex has risen by 7.58%. The falling investor participation, as evidenced by a 22.72% drop in delivery volume, suggests that while the stock is currently rising, there may be underlying concerns regarding its long-term viability, particularly given the lack of domestic mutual fund investment and the company's high debt levels.