Why is Arihant Super. falling/rising?

As of 03-Sep, Arihant Superstructures Ltd is currently priced at 396.25, reflecting a slight increase of 0.25 (0.06%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed its sector by 0.74% today. In terms of returns, the stock has experienced a decline of 4.06% over the past week and 7.03% over the past month, while it has generated an 18.89% return over the last year. Despite this positive annual performance, the company faces challenges such as high debt levels, with a debt-to-equity ratio averaging 1.84 times, and flat financial results, which may deter investor confidence. Additionally, the lack of domestic mutual fund investment suggests a cautious outlook from institutional investors.
In the broader market context, the Sensex has only declined by 0.27% over the past week and 0.04% over the past month, indicating that the stock's short-term performance is significantly worse than the benchmark. While the stock has outperformed the BSE500 in the long term, its recent underperformance in the short term, combined with high debt and weak long-term fundamentals, contributes to a cautious sentiment among investors. The liquidity of the stock remains adequate for trading, but the falling investor participation may signal a lack of confidence in the stock's future performance.