Why is Kamanwala Housin falling/rising?

As of 19-Aug, Kamanwala Housing Construction Ltd's stock price is currently at Rs 23.33, reflecting a decline of Rs 1.22 or 4.97%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.15% during this period. It opened the day with a loss of 4.97% and reached an intraday low of Rs 23.33. The stock's performance over the past week shows a decrease of 4.66%, while it has generated a positive return of 8.56% over the past month. Despite positive financial results in recent quarters, including a higher profit after tax and strong cash reserves, the company faces challenges such as operating losses and a weak ability to service its debt, which negatively impacts investor sentiment.
In the broader market context, Kamanwala Housing's recent performance contrasts sharply with the Sensex, which has gained 1.76% over the past week. This underperformance against the benchmark indicates a lack of confidence among investors, particularly given the stock's significant drop today and the falling delivery volume, which has decreased by 81.09% compared to the five-day average. While the company has shown strong long-term returns, the current negative EBITDA and weak long-term fundamental strength contribute to the stock's decline, making it a risky investment in the short term.