Why is Arihant Super. falling/rising?

As of 18-Jul, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at 443.95, which reflects a decrease of 8.4 points or 1.86%. Today's price summary indicates that the stock underperformed its sector by 1.3% and opened with a loss of 2.72%. After three consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 435.05, which is a drop of 3.82%. Despite a strong performance over the past year with a return of 21.07%, the company faces challenges such as high debt levels and weak long-term fundamental strength, which may be contributing to the current price decline.
In the broader market context, Arihant Superstructures has outperformed the Sensex over the past week and month, with returns of 6.91% and 23.65%, respectively, while the Sensex saw declines of 0.90% and 0.38%. However, the stock's year-to-date performance is negative at -5.67%, contrasting with the Sensex's positive return of 4.63%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's valuation and business prospects, further impacting investor sentiment and contributing to the stock's recent downturn.