Why is Arihant Super. falling/rising?

As of 29-Aug, Arihant Superstructures Ltd is experiencing a price increase, currently at 401.65, which reflects a rise of 3.65 or 0.92%. The stock has shown a mixed performance in recent periods, with a 1-year return of 35.35%, significantly outperforming the BSE500 index over the same timeframe. However, it has faced declines in the short term, with a 1-week drop of 3.53% and a 1-month decline of 6.76%. Today's trading activity indicates a positive trend, as the stock outperformed its sector by 1.99%, and there has been a notable increase in delivery volume, suggesting rising investor participation. Despite these positive indicators, the company is burdened by high debt, reflected in a debt-to-equity ratio of 1.84 times, and has shown weak long-term fundamental strength, which could temper investor enthusiasm.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.84% over the past week and 1.88% over the past month. While Arihant Superstructures has outperformed the market in the long term, its high debt levels and flat results in the latest quarter raise concerns about its sustainability. The stock's valuation appears expensive relative to its earnings growth, as indicated by a PEG ratio of 0.7, and the absence of domestic mutual fund investment may signal a lack of confidence among institutional investors. Overall, while the stock is currently rising, its long-term outlook remains clouded by financial challenges.