Why is Arihant Super. falling/rising?

As of 23-Sep, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at 405.75, which reflects a decrease of 2.35 (-0.58%). The stock has shown mixed performance recently, with a 1-week increase of 1.50% but a 1-month decrease of 2.55%. Today's trading saw the stock touch an intraday low of Rs 396.9, indicating some volatility. Despite outperforming its sector by 0.34% today, the stock's delivery volume has significantly decreased by 48.36% compared to the 5-day average, suggesting a drop in investor participation. Additionally, the company's high Debt to EBITDA ratio of 5.08 times and a flat performance in its latest financial results contribute to concerns about its ability to service debt, which may negatively impact investor sentiment.
In the broader market context, while the Sensex has declined by 0.34% over the past week, Arihant Superstructures Ltd has managed to outperform this benchmark, albeit with a longer-term view showing a year-to-date decline of 13.79% compared to the Sensex's gain of 5.07%. The stock has demonstrated strong long-term performance, with a 3-year return of 72.26% and a 5-year return of 1626.60%, indicating potential resilience. However, the lack of domestic mutual fund investment, which stands at 0%, may reflect a lack of confidence in the stock's current valuation and business prospects, further influencing its recent price movement.