Why is Arihant Super. falling/rising?

As of 28-Aug, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at Rs 398.00, which reflects a decrease of Rs 15.0 or 3.63%. The stock has underperformed its sector by 2.47% today, touching an intraday low of Rs 392.95, indicating a significant drop of 4.85%. Over the past week, the stock has decreased by 3.34%, and in the last month, it has fallen by 8.29%. Despite a strong long-term performance with a 30.19% return over the past year, the company faces challenges such as high debt levels, with a debt-to-equity ratio averaging 1.84 times, and flat results reported in June, which may contribute to investor concerns.
In the broader market context, the Sensex has declined by 2.34% over the past week, indicating that while Arihant Superstructures Ltd is underperforming, the overall market is also facing downward pressure. The stock's recent performance contrasts with its long-term gains, as it has outperformed the benchmark over three years, one year, and three months. However, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business fundamentals, further impacting its stock price negatively.