Why is Prestige Estates falling/rising?

As of 04-Jul, Prestige Estates Projects Ltd is currently priced at 1,617.95, reflecting an increase of 10.95 or 0.68%. The stock has shown a slight upward movement, gaining 0.83% over the last two days, although it has underperformed in the short term with a 3.14% decline over the past week. The stock's performance today aligns with its sector, but there has been a notable decrease in investor participation, with delivery volume falling by 28.11% compared to the five-day average. Despite high institutional holdings at 36.32%, which typically indicate a more stable investment base, the company faces significant challenges, including a weak long-term fundamental strength characterized by a -1.99% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 3.23 times. The company has reported negative results for five consecutive quarters, with a substantial drop in net sales and profitability, which may contribute to investor caution.
In the broader market context, while the stock has gained 2.48% over the past month, it has still underperformed relative to the Sensex, which has increased by 3.01% in the same period. Over the last year, Prestige Estates has generated a return of -9.82%, significantly lagging behind the market's average return of 4.23%. This underperformance, coupled with the company's declining financial metrics and negative quarterly results, suggests that investors may be wary of the stock's potential for recovery, despite its recent price increase.