Why is Ashiana Housing falling/rising?

As of 29-Aug, Ashiana Housing Ltd. is currently priced at 313.90, reflecting a decrease of 1.9 points or 0.6%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 0.93% during this period. Despite outperforming its sector by 0.47% today, the stock reached an intraday low of Rs 307.4, indicating volatility. Over the past week, Ashiana Housing has shown a modest gain of 0.67%, while its one-month return is down by 1.52%. The company has recently reported positive financial results after three consecutive quarters of losses, with significant growth in profit before tax and profit after tax, which may provide some support for the stock despite its current decline.
In the broader market context, the Sensex has experienced a decline of 1.84% over the past week, which suggests that the overall market sentiment may be contributing to the stock's recent performance. While Ashiana Housing's year-to-date return is down by 9.67%, it has significantly outperformed the benchmark over a three-year period, with a return of 103.63% compared to the Sensex's 37.67%. This indicates that while the stock is facing short-term challenges, its long-term performance remains strong. The falling investor participation, as evidenced by a decrease in delivery volume, may also be impacting the stock's price negatively, despite its low debt-to-equity ratio and strong cash position.