Why is Hemisphere Prop falling/rising?

As of 06-Oct, Hemisphere Properties India Ltd is experiencing a decline in its stock price, currently at Rs 149.60, which reflects a decrease of Rs 34.35 or 18.67%. The stock has underperformed its sector by 19.12% today, opening with a significant loss of 8.15% and reaching an intraday low of Rs 147.2, marking a drop of 19.98%. Over the past week, the stock has seen a return of -11.84%, and for the month, it has decreased by 15.05%. Despite a rise in investor participation, with delivery volume increasing by 66.4% against the 5-day average, the stock remains below its 5-day and 20-day moving averages, indicating a bearish trend.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.77% over the past week and 1.34% over the past month, Hemisphere Properties has significantly lagged behind, highlighting a stark contrast in performance. The stock's year-to-date return stands at -14.34%, while the Sensex has appreciated by 4.67% during the same period. This underperformance against the broader market suggests that investor sentiment towards Hemisphere Properties is currently negative, contributing to the stock's decline.