Why is Arihant Super. falling/rising?

As of 11-Sep, Arihant Superstructures Ltd is experiencing a price increase, currently at 404.50, which reflects a rise of 13.5 or 3.45%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and today it outperformed its sector by 3.31%. It reached an intraday high of Rs 414.25, indicating positive momentum. Over the past week, the stock has increased by 2.93%, although it has seen a decline of 3.00% over the past month. Despite a strong one-year return of 22.43%, the company faces challenges, including high debt levels and weak long-term fundamentals, which may affect investor sentiment.
In the broader market context, the Sensex has increased by 1.03% over the past week, suggesting that while Arihant Superstructures Ltd is performing well relative to the benchmark in the short term, it has underperformed over the month with a decline compared to the Sensex's gain of 1.17%. The stock's high debt-to-equity ratio and flat results in June may deter some investors, particularly as domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to fundamental weaknesses.