Why is Arihant Super. falling/rising?

As of 12-Sep, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at Rs 401.00, which reflects a decrease of Rs 3.5 or 0.87%. Today's price summary indicates that the stock opened with a gain of 2.1% but ultimately underperformed its sector by 0.97%. The stock has shown mixed performance in the past week, gaining 1.52%, but has declined by 4.04% over the past month. Despite a strong long-term performance, with a 16.91% return over the last year and significant gains over three and five years, the company faces challenges due to high debt levels, with a debt-to-equity ratio averaging 1.84 times. Additionally, flat results in June and a low return on capital employed (ROCE) of 10.18% contribute to concerns about its long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has increased by 1.48% over the past week and 2.08% over the past month. While Arihant Superstructures has outperformed the benchmark in the long term, the current decline suggests that investors are cautious, particularly given the company's high debt and limited domestic mutual fund interest, which may indicate a lack of confidence in its valuation. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be tempered by its financial challenges and the recent underperformance relative to its sector.