Why is Popular Estate falling/rising?

As of 24-Sep, Popular Estate Management Ltd's stock price is currently at Rs 21.38, reflecting an increase of Rs 1.01 or 4.96%. Today, the stock has shown a trend reversal by gaining after six consecutive days of decline, outperforming its sector by 5.62%. However, the stock has experienced a significant drop of 23.15% over the past year and has underperformed against the BSE500 in both the short and long term. Additionally, the stock's trading is characterized by erratic patterns, with a notable decrease in delivery volume, indicating falling investor participation. The company is also facing challenges, including negative EBITDA and flat results, which contribute to its classification as a strong sell.
In the broader market context, Popular Estate's short-term performance has been unfavorable compared to the benchmark, as it has declined by 2.77% over the past week while the Sensex has only fallen by 1.18%. Despite a year-to-date return of 9.53%, the stock's recent movements suggest a struggle to maintain investor confidence amid its historical underperformance and current financial risks. The liquidity of the stock remains adequate for trading, but the overall sentiment appears cautious given the negative trends in both performance and profitability.