Why is Popular Estate falling/rising?

As of 22-Sep, Popular Estate Management Ltd's stock price is currently at Rs 20.90, reflecting a decline of Rs 1.09 or 4.96%. The stock has underperformed significantly today, with a performance that is 2.35% lower than its sector. It has also shown erratic trading patterns, not trading on one day out of the last 20 days, and reached an intraday low of Rs 20.90. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.96%, and its one-year return stands at a negative 21.87%, suggesting a consistent underperformance compared to the broader market.
In the broader market context, the Sensex has shown a slight increase of 0.46% over the past week, contrasting with Popular Estate's decline. This indicates that while the overall market is experiencing positive momentum, Popular Estate is lagging behind. The stock's negative EBITDA and flat results as of June 25 further contribute to its perception as a risky investment, especially given the significant drop in investor participation and liquidity issues. Overall, the combination of poor recent performance, negative financial indicators, and a lack of investor confidence has led to the stock's downward movement.