Why is Arihant Super. falling/rising?

As of 14-Nov, Arihant Superstructures Ltd is experiencing a decline in its stock price, currently at Rs 375.65, which reflects a decrease of Rs 9.55 or 2.48%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total drop of 11.18% during this period. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a decline of 7.93%, while the benchmark Sensex has gained 1.62%. The company's financial health is concerning, with a high Debt to EBITDA ratio of 4.61 times and negative operating cash flow of Rs -177.84 Cr, which further exacerbates investor sentiment.
Broader Market Context: In the context of the broader market, Arihant Superstructures Ltd's recent performance starkly contrasts with the Sensex, which has shown a positive return of 3.09% over the past month. The stock's year-to-date performance is also troubling, with a decline of 20.18% compared to the Sensex's gain of 8.22%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, potentially influencing the stock's downward trajectory. Despite a year-over-year return of 10.49%, the company's ability to service its debt and recent negative financial results have led to a cautious outlook among investors, contributing to the stock's current decline.