Why is Arihant Super. falling/rising?

As of 30-Jun, Arihant Superstructures Ltd is experiencing a price increase, currently at 404.05, which reflects a rise of 19.2 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.23% and gaining 7.25% over the last two days. Despite opening with a loss of 4.87%, it reached an intraday high of Rs 419, indicating volatility within a wide trading range of Rs 52.9. Over the past week and month, the stock has returned 7.85% and 10.49%, respectively, while it has consistently outperformed the BSE 500 over the last three years, generating a 19.56% return in the past year. However, the company faces challenges with high debt levels and weak long-term fundamental strength, as indicated by a debt-to-equity ratio of 1.84 and declining profits.
Broader Market Context: In comparison to the benchmark, the stock's short-term performance has been significantly stronger, with a 7.85% increase over the past week versus the Sensex's 2.09% rise. This trend continues over the month, where Arihant's 10.49% gain outpaces the Sensex's 2.65%. Despite these positive short-term movements, the stock's year-to-date performance remains negative at -14.15%, contrasting with the Sensex's positive 7.00% return. The lack of domestic mutual fund investment may reflect caution regarding the company's valuation and long-term growth prospects, which could temper investor enthusiasm despite recent gains.