Why is Eldeco Housing falling/rising?

As of 22-Aug, Eldeco Housing & Industries Ltd is experiencing a decline in its stock price, currently at Rs 752.10, reflecting a decrease of Rs 9.5 or 1.25%. The stock opened lower today, down by 3.52%, and reached an intraday low of Rs 729.05, marking a 4.27% drop. Over the past week, the stock has shown a slight increase of 2.42%, but it has underperformed in the longer term, with a 2.32% decline over the past month and a significant 14.53% drop year-to-date. The company has reported negative results for the last nine consecutive quarters, with a notable fall in earnings per share (EPS) of 3.4%. Additionally, the stock's performance is hindered by a low interest coverage ratio and rising raw material costs, which have increased by 25.88% year-over-year.
In the broader market context, while the Sensex has gained 0.88% over the past week, Eldeco Housing's performance has lagged behind, underperforming its sector by 0.69%. The stock's long-term outlook appears bleak, with a return of -23.43% over the past year compared to a modest gain of 0.31% for the benchmark. The company's low debt-to-equity ratio and relatively high price-to-book value suggest that it is trading at a premium compared to its peers, which may deter potential investors. Furthermore, the significant drop in delivery volume indicates falling investor participation, further contributing to the stock's downward trajectory.