Why is Mahindra Life falling/rising?

As of 13-Jun, Mahindra Lifespace Developers Ltd's stock price is currently at Rs 358.00, reflecting an increase of Rs 10.05 or 2.89%. The stock has shown a positive trend today, gaining after three consecutive days of decline, despite opening down by 2.27%. It reached an intraday high of Rs 361, indicating some recovery within the trading session. However, the stock's performance over the past year has been poor, with a return of -42.09%, and it has consistently underperformed against the benchmark BSE 500. Additionally, the company faces significant challenges, including operating losses and weak long-term fundamentals, as evidenced by a negative EBITDA and declining net sales. High institutional holdings at 29.65% may provide some support, but the overall outlook remains risky due to the company's financial struggles.
In the broader market context, Mahindra Lifespace's short-term performance has outpaced the benchmark, with a 1-week return of +6.20% compared to the Sensex's -1.30%. This indicates that while the stock is experiencing a temporary rebound, it has still underperformed significantly over longer periods, such as a -22.44% year-to-date return versus a +3.81% gain for the Sensex. The liquidity of the stock is adequate for trading, but the falling investor participation, as indicated by a 56.64% drop in delivery volume, suggests a lack of confidence among retail investors. Overall, while there are short-term gains, the long-term outlook remains concerning due to the company's financial instability.