Why is Arihant Super. falling/rising?

As of 14-Jul, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at Rs 413.05, which reflects a decrease of Rs 2.2 or 0.53%. Today's price summary indicates that the stock has underperformed its sector by 1.56% and has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 426.85 but has shown a weighted average price closer to its low, suggesting a lack of sustained upward momentum. Despite generating a return of 12.92% over the past year and outperforming the BSE500 in the last three annual periods, the company has high debt levels and weak long-term fundamental strength, with net sales and operating profit growth rates that are considered poor. Additionally, the recent negative quarterly results, including a significant drop in profit before tax and profit after tax, have contributed to the stock's downward movement.
In the broader market context, Arihant Superstructures Ltd has outperformed the Sensex in the short term, with a 1-week return of 3.78% compared to the benchmark's decline of 1.42%. However, the stock's year-to-date performance shows a decline of 12.24%, contrasting with the Sensex's gain of 5.27%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence among institutional investors, further impacting the stock's performance. Overall, while the stock has shown strong historical returns, current financial challenges and market sentiment appear to be driving its recent price decline.