Why is Puravankara falling/rising?

As of 09-Jul, Puravankara Ltd's stock price is currently at 294.65, reflecting an increase of 6.35 or 2.2%. Today, the stock opened with a gain of 3.95% and reached an intraday high of Rs 299.7. Despite this positive movement, the stock has shown a mixed performance over different periods, with a 1-week return of +5.14% but a significant decline of -10.09% over the past month and -41.07% over the past year. The company has faced challenges, including a -9.44% drop in net sales and negative results in the last two quarters, which have contributed to a weak long-term fundamental outlook. Additionally, the high Debt to EBITDA ratio and low Return on Equity indicate financial strain, which may deter investor confidence.
In the broader market context, while Puravankara has outperformed its sector by 3.51% today, it has significantly underperformed the benchmark, with the Sensex only gaining +0.15% over the past week. The stock's long-term performance has been notably poor, with a year-to-date decline of -22.60% compared to the Sensex's +6.91%. This underperformance, coupled with a lack of domestic mutual fund investment, suggests that institutional investors may be wary of the company's prospects. Overall, while there is a short-term uptick in the stock price, the underlying fundamentals and broader market performance indicate ongoing challenges for Puravankara Ltd.