Why is Ashiana Housing falling/rising?

As of 01-Aug, Ashiana Housing Ltd. is experiencing a price increase, currently at Rs 321.00, reflecting a rise of 4.8 points or 1.52%. The stock has outperformed its sector by 3.09% today, reaching an intraday high of Rs 327.45. In the past week, the stock has shown a positive return of 1.65%, contrasting with a decline of 8.31% over the past month. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 7.63% and a significant drop of 19.65% over the past year. The company maintains a low debt-to-equity ratio, which may provide some investor confidence, but it has reported negative results for the last three consecutive quarters, including a 24.77% fall in net sales.
Broader market context indicates that while Ashiana Housing has shown some short-term resilience, it has lagged behind the benchmark Sensex, which has gained 3.15% year-to-date. The stock's performance over the last year has been particularly poor, with a return of -19.65%, significantly worse than the broader market's decline of -1.55%. This underperformance, coupled with a very expensive valuation relative to its peers and declining profits, suggests that while there may be short-term gains, the long-term outlook remains challenging for Ashiana Housing Ltd.