Why is Arihant Super. falling/rising?

As of 24-Sep, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at 404.15, reflecting a decrease of 0.75 or 0.19%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total drop of 0.97%. Although it outperformed its sector by 2.23% today, the stock has shown negative returns of 1.10% over the past week and 2.93% over the past month. The company's financial health is concerning, highlighted by a high Debt to EBITDA ratio of 5.08 times and a low Return on Capital Employed (ROCE) of 10.18%. Despite generating a 6.41% return over the last year, the stock's valuation appears expensive relative to its earnings growth, as indicated by a PEG ratio of 0.7, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current valuation.
In the broader market context, the Sensex has seen a slight decline of 1.18% over the past week, which is comparable to Arihant's performance. However, the stock's year-to-date performance is significantly worse, with a drop of 14.13% compared to the Sensex's gain of 4.58%. The construction and real estate sector has also faced challenges, falling by 2.38%. While the stock has outperformed the benchmark in the long term, its recent struggles, coupled with high debt levels and flat financial results, contribute to a cautious outlook among investors, impacting its price negatively.