Why is City Pulse Multi falling/rising?

As of 03-Sep, City Pulse Multiventures Ltd's stock price is currently at 2,777.35, reflecting a decrease of 22.6 points or 0.81%. The stock opened lower today, down by 2.66%, and reached an intraday low of Rs 2700, which is a decline of 3.57%. Despite this drop, the stock has shown strong performance over the longer term, with a remarkable increase of 228.68% over the past year and an impressive 7426.69% over the last three years. However, the company faces challenges, including weak long-term fundamental strength indicated by a -2.80% CAGR growth in net sales over the last five years and a low return on equity of 0.23%, which suggests low profitability per unit of shareholders' funds. These factors may contribute to the stock's current downward movement.
In the broader market context, City Pulse Multiventures Ltd has underperformed the Sensex in the short term, with a 1-week return of -2.55% compared to the benchmark's -0.27%. While the stock has shown significant gains year-to-date and over the past year, the recent price decline may be influenced by its weak fundamentals and flat results in June 2025. Additionally, despite rising investor participation, as evidenced by a 30.77% increase in delivery volume, the stock's valuation remains high with a price-to-book value of 33.2, which could deter potential investors amid concerns about its long-term growth prospects.