Why is Can Fin Homes falling/rising?

As of 28-Aug, Can Fin Homes Ltd. is experiencing a decline in its stock price, currently at 726.95, which reflects a decrease of 10.9 or 1.48%. The stock has been on a downward trend, losing value for the last five consecutive days, resulting in a total drop of 6.8% during this period. Although it opened with a gain of 2.18% today and reached an intraday high of Rs 753.95, it remains below all key moving averages, indicating a bearish trend. Additionally, the stock has underperformed significantly over the past year, with a return of -16.92%, despite a 14.9% increase in profits, suggesting that the market may not be fully valuing the company's fundamentals. The high institutional holdings of 36.64% indicate confidence from larger investors, but the recent flat results and below-par performance in both the near and long term have contributed to the stock's decline.
In the broader market context, Can Fin Homes has underperformed relative to the Sensex, with a one-week return of -6.44% compared to the benchmark's -2.34%. This trend of underperformance is consistent over the past month and year, where the stock has shown negative returns while the Sensex has posted positive returns year-to-date. The stock's liquidity remains adequate, but the falling investor participation, as evidenced by a decrease in delivery volume, suggests waning interest among retail investors. Overall, the combination of recent poor performance, negative sentiment, and a lack of strong short-term recovery signals contributes to the stock's current downward trajectory.