Why is Ashiana Housing falling/rising?

As of 22-Jul, Ashiana Housing Ltd. is currently priced at 325.00, reflecting a rise of 0.75 or 0.23%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and has outperformed its sector by 1.03% today. However, over the past week, the stock has decreased by 2.84%, and it has underperformed significantly over the last month and year, with returns of -4.87% and -18.65%, respectively. The company has reported negative results for the last three consecutive quarters, with net sales falling by 24.77% and profits declining by 73.8%. Despite a low debt-to-equity ratio and majority ownership by promoters, the stock's valuation remains high compared to its peers, contributing to its recent price movements.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex showing a slight decline of only 0.47% over the past week. While Ashiana Housing has experienced a short-term uptick, its long-term growth prospects appear poor, as indicated by a low return on equity of 2.9 and a price-to-book value of 4.3. The stock's liquidity is adequate for trading, but falling investor participation, as evidenced by a 17.7% drop in delivery volume, suggests a lack of confidence among investors. Overall, the combination of recent price gains against a backdrop of significant long-term underperformance and negative financial results contributes to a complex outlook for Ashiana Housing's stock.