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

As of 29-Aug, Arihant Foundations & Housing Ltd is experiencing a decline in its stock price, currently at Rs 1,199.00, which represents a decrease of 20.25 points or 1.66%. Today's price summary indicates that the stock opened with a gain of 3.2% but has since fallen after two consecutive days of gains, reaching an intraday high of Rs 1,259 and a low of Rs 1,165. Despite the stock's impressive long-term performance, with a year-to-date return of 41.89% and a staggering 184.12% increase over the past year, it has underperformed its sector by 0.59% today. The company has shown healthy growth in net sales and operating profit, with consistent positive results over the last seven quarters, which supports a hold recommendation for investors.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, as it has gained 3.81% over the past month compared to the Sensex's decline of 1.88%. However, the stock's recent drop contrasts with its strong historical returns, as it has outperformed the BSE500 in each of the last three annual periods. The current decline may reflect a temporary market correction after a period of significant gains, as indicated by the stock's movement relative to its moving averages and the recent volatility in trading volume.