Why is Ashiana Housing falling/rising?

As of 14-Jul, Ashiana Housing Ltd. is currently priced at 330.95, reflecting a slight decline of 0.05 (-0.02%). The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 3.25% during this period. In terms of performance against benchmarks, the stock has decreased by 1.65% over the past week, while the Sensex has only fallen by 1.42%. Additionally, the stock has shown poor long-term growth, with net sales declining by 24.77% and profits falling by 73.8% over the past year. The company's low return on equity (ROE) of 2.9 and a high price-to-book value ratio indicate an expensive valuation compared to its peers, further contributing to the negative sentiment surrounding the stock.
In the broader market context, Ashiana Housing's performance has significantly lagged behind the market, as evidenced by its year-to-date return of -4.76% compared to the Sensex's gain of 5.27%. This underperformance is particularly pronounced over the last year, where the stock has generated a return of -21.45%, contrasting sharply with the BSE500's positive return of 0.26%. Despite a recent increase in investor participation, the overall sentiment remains bearish due to the company's negative financial results and the perception of it being overvalued in the current market environment.