Why is Esaar (India) falling/rising?

As of 04-Sep, Esaar (India) Ltd is experiencing a decline in its stock price, currently at 15.05, reflecting a decrease of 0.3 or 1.95%. The stock has been underperforming significantly, with a consecutive fall over the last 14 days resulting in a total decline of 23.53%. Today's performance indicates that it has underperformed its sector by 2.36%. Additionally, the stock's recent returns show a 9.45% drop over the past week and a 13.80% decline over the past month, despite a strong year-to-date return of 150.83%. The company's operating losses and weak long-term fundamental strength, highlighted by a negative profit before tax and net profit, contribute to the stock's downward trend.
In the broader market context, the Sensex has shown a slight increase of 0.80% over the past week, contrasting sharply with Esaar's negative performance. While the stock has outperformed the benchmark over the long term, its recent struggles and falling investor participation, evidenced by a 93.09% drop in delivery volume, indicate a lack of confidence among investors. The stock's current valuation is considered expensive compared to its peers, further exacerbated by a significant decline in profits over the past year. This combination of factors suggests that the stock's recent price movement is primarily driven by deteriorating financial performance and investor sentiment.