Why is Ganesh Housing falling/rising?

As of 26-Jun, Ganesh Housing Corporation Ltd's stock price is currently at 990.15, reflecting a decrease of 2.95 points or 0.3%. The stock had a positive opening today, gaining 2.19% and reaching an intraday high of Rs 1014.8, but it has since fallen after two consecutive days of gains. Over the past week, the stock has outperformed the sector by 0.46%, although it has experienced a decline of 2.93% over the past month. Despite this recent dip, the company has shown strong financial performance, with a low Debt to EBITDA ratio of 0.24 times and consistent positive results over the last three quarters, including a significant annual growth rate of 74.29% in operating profit. However, the stock is considered expensive with a high Price to Book Value ratio and limited domestic mutual fund interest, which may indicate caution among investors.
In the broader market context, Ganesh Housing's short-term performance has been notably stronger than the benchmark, with a 6.35% increase over the past week compared to the Sensex's 2.94% rise. However, the stock's year-to-date performance shows a significant decline of 20.73%, contrasting sharply with the Sensex's gain of 7.19%. This disparity highlights the stock's volatility and potential investor concerns despite its recent outperformance in the short term. The overall market sentiment may be influenced by the stock's high valuation and the limited participation from domestic mutual funds, which could be contributing to the recent price decline.