Why is Mahindra Life falling/rising?

As of 24-Jul, Mahindra Lifespace Developers Ltd is experiencing a decline in its stock price, currently at 378.95, which reflects a decrease of 2.45 (-0.64%). The stock has been losing for the last two days, resulting in a total drop of 2.33% during this period. Despite outperforming its sector by 0.54% today, the stock's delivery volume has significantly decreased by 68.96% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has shown a positive return of 2.78%, but it has underperformed the benchmark Sensex over the longer term, with a year-to-date decline of 17.90% compared to the Sensex's gain of 5.18%. Additionally, while promoters have increased their stake by 1.29%, signaling confidence in the company, the overall financial health remains concerning due to operating losses and weak long-term growth metrics.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed the BSE500 over the last three years, generating a return of -39.41% in the past year compared to the Sensex's modest gain of 2.54%. This underperformance, coupled with poor financial indicators such as a negative EBITDA and a weak ability to service debt, contributes to the stock's downward pressure. The combination of declining sales, operating losses, and reduced investor participation suggests a challenging environment for Mahindra Lifespace Developers Ltd, leading to its current price decline.