Why is Peninsula Land falling/rising?

As of 29-Aug, Peninsula Land Ltd's stock price is currently at 34.80, reflecting a decrease of 0.65, or 1.83%. The stock has underperformed its sector today by 0.76%, and its delivery volume has fallen by 12.45% against the 5-day average, indicating a decline in investor participation. Over the past week, the stock has decreased by 5.43%, and it has shown a significant decline of 40.69% over the past year, while its net sales have dropped by 41.8% compared to the previous quarter average. Despite a recent increase in promoter confidence, with a 0.77% increase in their stake, the company's high debt-to-equity ratio of 63.59 times and consecutive negative results over the last six quarters have contributed to the stock's downward trend.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex declining by only 1.84% over the same week. While the market has shown a slight positive return of 2.14% year-to-date, Peninsula Land has experienced a substantial decline of 17.92% in the same period. This stark contrast highlights the company's struggles, particularly in light of its poor long-term growth and high debt levels, which have led to a significant underperformance compared to the broader market.