Why is Ashiana Housing falling/rising?

As of 24-Sep, Ashiana Housing Ltd. is experiencing a decline in its stock price, currently at Rs 304.85, which reflects a decrease of Rs 3.75 or 1.22%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -1.91%. It has also touched an intraday low of Rs 302. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a decline of 2.34%, while it has underperformed the Sensex, which has decreased by only 1.18%. Despite a recent positive earnings report, the stock's return over the past year is -9.91%, and profits have fallen by 40.3%, contributing to its negative sentiment.
In the broader market context, the construction and real estate sector has also faced challenges, with a decline of 2.38%. This sector-wide downturn may be influencing investor sentiment towards Ashiana Housing. The stock's liquidity appears to be decreasing, as evidenced by a significant drop in delivery volume, which has fallen by 65.99% compared to the 5-day average. While the company has a low debt-to-equity ratio and has shown some positive growth in recent quarters, its high valuation relative to peers and the overall negative performance in the market are likely contributing to the stock's current downward trajectory.