Why is HB Estate Devel. falling/rising?

As of 16-Jul, HB Estate Developers Ltd is experiencing a decline in its stock price, currently at Rs 86.31, reflecting a decrease of Rs 1.13 or 1.29%. The stock has underperformed its sector by 2.17% today and has been on a consecutive downward trend for the last two days, with a total decline of 2.56%. Although it opened with a gain of 4.05% and reached an intraday high of Rs 91, it also hit a low of Rs 85, indicating volatility. Over the past week, the stock has decreased by 3.24%, and year-to-date, it has fallen by 11.93%, contrasting with a 5.75% increase in the benchmark Sensex. Despite positive factors such as consistent profit growth and rising promoter confidence, the stock's performance is hindered by weak long-term fundamentals and declining investor participation.
In the broader market context, the stock's recent performance has been notably weaker compared to the Sensex, which has shown a slight increase of 1.02% over the past month. The stock's decline of 8.26% in the same period highlights its struggle against the benchmark. While the company has demonstrated strong operating profit growth and a significant increase in promoter stake, the overall sentiment is affected by its low ability to service debt and poor long-term growth metrics. This combination of factors contributes to the stock's current downward trajectory, despite its historical outperformance over longer periods.