Why is HB Estate Devel. falling/rising?

As of 25-Aug, HB Estate Developers Ltd's stock price is currently at Rs 79.28, reflecting a decline of Rs 3.69 or 4.45%. The stock has been underperforming, having fallen for the last two days with a total decrease of 5.12%. Despite opening with a gain of 9.67% and reaching an intraday high of Rs 90.99, it quickly dropped to a low of Rs 79.26, indicating high volatility with an intraday fluctuation of 6.88%. Over the past week, the stock has shown a positive return of 7.14%, but it has underperformed the sector by 4.23%. Year-to-date, the stock is down 19.10%, contrasting with the Sensex's gain of 4.48%. The company's return on capital employed (ROCE) is relatively attractive at 8.1, but its long-term fundamentals are weak, with a low ability to service debt and poor growth in net sales.
Broader market context shows that while the stock has seen some short-term gains, it has struggled significantly over the longer term, with a year-over-year return of -7.76% compared to the Sensex's 0.68% increase. The stock's performance is further hindered by a high debt-to-EBITDA ratio and disappointing quarterly results, including an 85.9% drop in profit after tax. Although the stock is trading at a discount compared to its peers, the combination of weak long-term growth prospects and declining investor participation suggests that the recent price decline may continue unless there are significant improvements in its financial health.