Why is Peninsula Land falling/rising?

As of 24-Sep, Peninsula Land Ltd's stock price is currently at 34.76, reflecting a decrease of 0.73, or 2.06%. The stock has been experiencing a consecutive decline over the last four days, resulting in a total drop of 5.93% during this period. Despite outperforming its sector by 0.36% today, the stock's performance over the past week shows a decline of 5.03%, while it has fallen 18.02% year-to-date and 37.62% over the past year. The company has also reported negative results for the last six consecutive quarters, with net sales falling by 41.8% compared to the previous quarter's average and a significant increase in non-operating income relative to profit before tax. Although promoters have increased their stake by 0.77%, indicating some confidence in the company's future, the high debt-to-equity ratio of 63.59 times and poor long-term growth prospects continue to weigh heavily on investor sentiment.
In the broader market context, the Sensex has shown a decline of only 1.18% over the past week, contrasting with Peninsula Land's more substantial drop. This underperformance highlights the stock's struggles relative to the overall market, especially given that the BSE500 has generated negative returns of 5.32% over the past year, while Peninsula Land's returns have plummeted by 37.62%. The construction and real estate sector has also faced challenges, with a decline of 2.38%, further contributing to the stock's downward trajectory. Additionally, a notable decrease in investor participation, with delivery volume falling by 24.26% against the five-day average, suggests waning interest in the stock, further exacerbating its price decline.