Why is Kolte Patil Dev. falling/rising?

As of 29-Jul, Kolte Patil Developers Ltd is experiencing a decline in its stock price, currently at Rs 417.15, which reflects a decrease of Rs 26.3 or 5.93%. The stock has been underperforming, having fallen consecutively for the last five days with a total return of -8.07% during this period. Although it opened with a gain of 2.66% today and reached an intraday high of Rs 455.25, it also hit a low of Rs 403.6, indicating significant volatility with a wide trading range of Rs 51.65. The stock's performance over the past week and month shows a decline of 8.07% and 8.92%, respectively, while it has generated a return of 4.37% over the past year. Despite a strong increase in profits and rising institutional investor participation, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which contribute to its current price movement.
In the broader market context, Kolte Patil Developers Ltd has underperformed compared to the Sensex, which has only declined by 1.03% over the past week. While the stock has shown strong long-term performance, outperforming the BSE500 over various time frames, its recent struggles highlight a disconnect between its historical growth and current financial health. The company's weak long-term fundamentals, including low profitability and high debt levels, are significant factors that may be influencing investor sentiment negatively, leading to the stock's current downward trajectory.