Why is Arihant Super. falling/rising?

As of 12-Aug, Arihant Superstructures Ltd is experiencing a price increase, currently at Rs 420.85, reflecting a change of 3.85 (0.92%) upwards. Today's price summary indicates that the stock outperformed its sector by 1.56%, although it touched an intraday low of Rs 407.2, which represents a decline of 2.35%. Over the past week, the stock has shown a modest gain of 0.29%, while its performance over the last month is a positive 1.35%. Despite a strong one-year return of 37.76%, the company faces challenges such as high debt levels and weak long-term growth, with net sales and operating profit growing at rates of 14.57% and 17.55% respectively over the last five years. Additionally, the stock's valuation appears expensive with a low return on capital employed (ROCE) of 9.9 and a high debt-to-equity ratio, which may deter some investors.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 0.59% over the past week and 2.75% over the past month. This indicates that Arihant Superstructures Ltd is managing to maintain a positive trajectory even as the overall market faces downward pressure. The stock's long-term performance has been strong, outperforming the BSE500 over various periods, which may contribute to its current price rise despite the underlying concerns regarding its financial health and investor participation. The lack of domestic mutual fund investment further suggests caution among institutional investors, potentially impacting future price movements.