Why is Asian Hotels (N) falling/rising?

As of 24-Sep, Asian Hotels (North) Ltd is experiencing a decline in its stock price, currently at Rs 322.25, which reflects a decrease of Rs 16.2 or 4.79%. The stock has underperformed its sector by 3.94% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.16%. Despite touching an intraday high of Rs 347.55, the stock's performance over the past week shows a decline of 2.63%, and over the past month, it has decreased by 7.40%. Although the stock has generated an impressive return of 82.06% over the past year, its recent financial performance has been concerning, with net sales falling by 11.6% in the last quarter and a high debt-to-equity ratio of 5.73 times indicating weak long-term fundamental strength.
In the broader market context, the Sensex has shown a slight decline of 1.18% over the past week, which suggests that the stock's short-term underperformance is more pronounced compared to the benchmark. While Asian Hotels (N) has outperformed the broader market over the past year, the recent negative trends in sales and high debt levels may have led to increased investor caution, reflected in the lack of domestic mutual fund investment in the company. This combination of factors, including a significant drop in stock price and weak financial indicators, has contributed to the stock's current downward trajectory.