Why is Arih.Found.Hsg. falling/rising?

As of 30-Jun, Arihant Foundations & Housing Ltd is experiencing a price increase, currently at Rs 1,391.50, reflecting a rise of 27.25 or 2.0%. The stock has shown positive momentum, gaining for the last two days with a total return of 4.04% during this period. It opened with a 2% gain today and reached an intraday high of Rs 1,391.50. The stock has outperformed its sector by 2.24%, and its delivery volume has increased significantly, indicating rising investor participation. Over the past year, the stock has delivered an impressive return of 588.18%, significantly outperforming the BSE 500 index, which has only risen by 5.79%. Positive factors contributing to this rise include a substantial growth in net sales and net profit, along with consistent positive results over the last six quarters.
In the broader market context, while the stock has shown a decline of 2.08% over the past week, it has outperformed the benchmark Sensex, which has gained 2.09% during the same period. The stock's long-term performance remains robust, with a year-to-date increase of 64.67%, compared to the Sensex's 7.00%. However, concerns regarding management efficiency and a high Debt to EBITDA ratio may pose risks to future performance. Despite these risks, the stock's current valuation appears attractive compared to its peers, which may be driving investor interest and contributing to its recent price rise.