Why is Arihant Super. falling/rising?

As of 31-Jul, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at Rs 408.95, reflecting a decrease of Rs 22.85 or 5.29%. Today's performance indicates that the stock has underperformed its sector by 4.77%, reaching an intraday low of Rs 408.95. Although the stock has shown positive returns over the past year with a gain of 26.75%, it has also faced challenges, including a significant drop in profits by 17.7% despite the positive return. The company is characterized by high debt levels, with a debt-to-equity ratio of 1.84, and has reported weak long-term fundamental strength, which may be contributing to the recent price decline. In the broader market context, the stock's short-term performance over the past week shows a decline of 5.48%, while the benchmark Sensex has only fallen by 1.22%. This underperformance relative to the benchmark suggests that investor sentiment may be negatively impacted by the company's high debt and poor long-term growth prospects. Additionally, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's valuation and business stability, further influencing the stock's downward movement.