Why is Arkade falling/rising?

As of 15-Sep, Arkade Developers Ltd is currently priced at 178.60, reflecting a decrease of 1.4 points or 0.78%. The stock has underperformed its sector today by 2.93%, and its performance over the past week shows a decline of 1.62%. Additionally, the stock has fallen by 5.13% over the past month, while year-to-date it has shown a modest gain of 3.12%. The stock's moving averages indicate it is higher than the 200-day average but lower than the 5-day, 20-day, 50-day, and 100-day averages. Despite a low debt-to-equity ratio and increasing participation from institutional investors, the company has reported poor financial results, including a significant drop in PAT and net sales in the latest quarter, which may be contributing to the stock's downward movement.
In the broader market context, the Sensex has gained 1.24% over the past week and 1.47% over the past month, indicating that the overall market is performing positively while Arkade's stock is declining. This contrast highlights the stock's underperformance relative to the benchmark. The construction and real estate sector has also seen a gain of 2.21%, further emphasizing Arkade's struggles within its industry. The combination of disappointing financial results and the stock's inability to keep pace with both its sector and the broader market likely explains the recent decline in its price.