Why is Arihant Super. falling/rising?

As of 15-Sep, Arihant Superstructures Ltd is currently priced at 400.90, reflecting a slight decrease of 0.1, or 0.02%. The stock has underperformed its sector today by 2.17% and has experienced a consecutive decline over the last two days, resulting in a total drop of 0.89%. In terms of returns, the stock has shown a mixed performance: it gained 17.93% over the past year but has fallen 3.69% in the last month, while it has outperformed the BSE500 over the last three years. However, the company faces challenges due to its high debt levels, with a debt-to-equity ratio averaging 1.84 times, and flat financial results reported in June, which may contribute to investor concerns.
Broader market context indicates that the Sensex has risen by 1.24% over the past week, contrasting with Arihant's 0.73% gain in the same period. The construction and real estate sector has seen a positive movement, gaining 2.28%, which further highlights Arihant's underperformance. Additionally, the significant drop in delivery volume by 71.19% against the five-day average suggests a decline in investor participation, potentially reflecting a lack of confidence in the stock's future performance. Despite its long-term market-beating returns, the combination of high debt and weak long-term fundamentals may be causing investors to reassess their positions, leading to the recent price decline.