Why is Arihant Super. falling/rising?

As of 10-Sep, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at 391.00, which reflects a decrease of 4.8 or 1.21%. The stock has underperformed its sector by 2.19% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 1.76%. It opened with a significant gap down of 3.98% and reached an intraday low of Rs 380.05. Over the past week, the stock has decreased by 1.32%, and its performance over the last month shows a decline of 6.24%. While the stock generated a return of 16.02% over the past year, its recent performance is overshadowed by high debt levels and weak long-term fundamentals, including a debt-to-equity ratio averaging 1.84 times. In the broader market context, the Sensex has increased by 1.06% over the past week, contrasting with Arihant's decline. This divergence indicates that the stock is not only underperforming its sector but also lagging behind the overall market. The company's high debt levels and flat results from June, including a low return on capital employed (ROCE) of 10.18%, may contribute to investor concerns, leading to reduced participation, as evidenced by a significant drop in delivery volume. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's current valuation, further impacting its price negatively.