Why is Mahindra Life falling/rising?

As of 26-Sep, Mahindra Lifespace Developers Ltd is experiencing a decline in its stock price, currently at Rs 361.80, reflecting a decrease of Rs 10.9 or 2.92%. The stock has underperformed its sector by 1.52% today, touching an intraday low of Rs 358.05, which is a drop of 3.93%. Over the past week, the stock has fallen by 4.63%, while its performance over the last month shows a slight increase of 1.92%. However, the year-to-date return is significantly negative at -21.61%, and the one-year return stands at -36.08%. Despite a recent increase in promoter confidence, with a 1.29% rise in their stake, the company is facing challenges such as operating losses, a weak debt servicing ability, and a negative EBITDA, which contribute to the stock's downward pressure.
In the broader market context, the Sensex has declined by 2.66% over the past week, indicating that the stock's short-term performance is worse than the benchmark. The stock's liquidity remains adequate for trading, but there is a notable decline in investor participation, with delivery volume dropping by 63.82% compared to the five-day average. The company's poor long-term growth metrics, including a significant drop in net sales and a high debt-equity ratio, further exacerbate the negative sentiment surrounding the stock. Overall, while there are some positive indicators, the prevailing financial difficulties and underperformance relative to the market are driving the stock's decline.