Why is Peninsula Land falling/rising?

As of 23-Sep, Peninsula Land Ltd's stock is currently priced at 35.49, reflecting a decrease of 0.32, or 0.89%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.95% during this period. Over the past week, the stock has underperformed significantly with a return of -5.18%, while the benchmark Sensex has only decreased by 0.34%. Additionally, the company has reported negative results for the last six consecutive quarters, with net sales falling by 41.8% compared to the previous four-quarter average. Despite a recent increase in promoter confidence, with a 0.77% rise in their stake, the company's high debt levels and poor long-term growth prospects, indicated by a -12.30% annual growth rate in net sales over the last five years, continue to weigh heavily on investor sentiment.
Broader market context shows that while the Sensex has generated a positive return of 5.07% year-to-date, Peninsula Land Ltd has experienced a much steeper decline of 16.30% in the same timeframe. This stark contrast highlights the stock's underperformance relative to the broader market. The company's liquidity remains adequate for trading, but a significant drop in delivery volume by 57.76% against the five-day average suggests waning investor interest. Overall, the combination of poor financial performance, high debt, and negative market sentiment contributes to the stock's ongoing decline.