Why is Arihant Super. falling/rising?

As of 19-Sep, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at Rs 403.50, which reflects a decrease of Rs 9.5 or 2.3%. Today's price summary indicates that the stock has underperformed its sector by 2.6% and has reversed its trend after two consecutive days of gains. The stock touched an intraday low of Rs 403.3 and is currently trading above its 5-day, 20-day, and 100-day moving averages but below its 50-day and 200-day moving averages. Despite generating a return of 12.54% over the past year, the company faces challenges such as a high Debt to EBITDA ratio of 5.08 times and a low return on capital employed (ROCE) of 10.18%, which may contribute to investor concerns regarding its financial health.
In the broader market context, the stock's short-term performance over the past week shows a gain of 0.62%, which is lower than the Sensex's increase of 0.88%. While Arihant has outperformed the BSE500 over the last three years, its year-to-date performance is notably poor, with a decline of 14.27% compared to the Sensex's gain of 5.74%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's current valuation or business prospects, further impacting its market performance.