Why is HB Estate Devel. falling/rising?

As of 25-Sep, HB Estate Developers Ltd is experiencing a decline in its stock price, currently at Rs 94.75, reflecting a decrease of Rs 1.44 or 1.5%. Today, the stock opened with a significant gain of 9.89%, reaching an intraday high of Rs 105.7, but subsequently fell to a low of Rs 92, indicating high volatility with an intraday range of Rs 13.7. Over the past week, the stock has dropped by 7.60%, while it has shown a positive return of 19.51% over the last month. Despite a year-to-date decline of 3.32%, the company has reported a substantial increase in profits by 70.9%, although the stock has generated a negative return of 14.95% over the past year. The company's attractive valuation, indicated by a ROCE of 8.1 and a PEG ratio of 0.4, contrasts with its weak long-term fundamentals, including a high Debt to EBITDA ratio and flat quarterly results.
In the broader market context, the Sensex has decreased by 2.23% over the past week, suggesting that the stock's decline is not entirely isolated but part of a wider market trend. However, the stock's performance over the last month has outpaced the benchmark, which has only declined by 0.58%. The falling investor participation, with a significant drop in delivery volume, indicates a lack of confidence among investors, which may be contributing to the stock's downward movement. Overall, while there are positive factors such as attractive valuations and profit growth, the combination of high volatility, weak long-term fundamentals, and declining investor interest is leading to the current downward trend in HB Estate Developers Ltd's stock price.