Why is Prestige Estates falling/rising?

As of 07-Aug, Prestige Estates Projects Ltd is experiencing a price increase, currently at Rs 1,618.50, reflecting a rise of Rs 17.25 or 1.08%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It outperformed its sector by 1.24% and reached an intraday high of Rs 1,633.75. However, the stock's recent performance shows a 1-week decline of 0.31% and a 1-month decline of 1.00%. Despite high institutional holdings at 36.28%, which suggests a level of confidence from knowledgeable investors, the company faces challenges with weak long-term fundamentals, including a negative CAGR growth in net sales and a high Debt to EBITDA ratio, which may impact investor sentiment.
Broader market context reveals that while Prestige Estates has outperformed the Sensex in the short term, with a 1-week return of -0.31% compared to the Sensex's -0.69%, its year-to-date performance is concerning, showing a decline of 4.65% against the Sensex's gain of 3.18%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume suggests waning investor participation. Overall, while the stock is currently rising, its long-term outlook is clouded by profitability concerns and declining financial metrics, which may affect future price movements.