Why is Ashiana Housing falling/rising?

As of 31-Jul, Ashiana Housing Ltd. is experiencing a decline in its stock price, currently at 316.20, which reflects a decrease of 3.05 points or 0.96%. The stock has underperformed its sector by 0.44% today and has shown a trend reversal after two consecutive days of gains. Over the past week, the stock has decreased by 2.30%, and its performance over the last month shows a significant drop of 9.68%. Additionally, the stock's delivery volume has fallen sharply by 45.89% compared to the five-day average, indicating a decrease in investor participation. The company has also reported negative results for the last three consecutive quarters, with net sales falling by 24.77% and a return on equity (ROE) of only 2.9, contributing to its poor long-term growth outlook.
In the broader market context, while the BSE500 index has generated negative returns of 3.20% over the past year, Ashiana Housing's stock has significantly underperformed with a return of -20.35%. This stark contrast highlights the company's struggles relative to the market. Despite a strong performance over the last three years, with a return of 129.38%, the recent financial results and high valuation compared to peers have led to a lack of investor confidence, further exacerbating the stock's decline.