Why is Aavas Financiers falling/rising?

As of 26-Sep, Aavas Financiers Ltd. is experiencing a decline in its stock price, currently at Rs 1,576.50, which reflects a decrease of Rs 49.1 or 3.02%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.56% during this period. It is also trading close to its 52-week low, just 3.71% above that level. The stock's performance has been weak compared to the sector, with a decline of 0.34% today. Additionally, it is trading below all key moving averages, indicating a bearish trend. The company's fundamentals show strong long-term growth, with net sales and operating profit increasing at annual rates of 21.06% and 21.12%, respectively. However, the stock's valuation appears expensive with a Price to Book Value of 3.3, and over the past year, it has generated a return of -16.33% despite a profit increase of 15.8%.
In the broader market context, Aavas Financiers has underperformed the benchmark, with a 1-week return of -5.62% compared to the Sensex's -2.66%. The finance and housing sector has also seen a decline of 2.79%, contributing to the stock's downward pressure. The significant pledge of 54.05% of promoter shares raises concerns, particularly in a falling market, as it adds to the downward pressure on the stock price. Furthermore, the stock has consistently underperformed against the benchmark over the last three years, which may deter investor confidence and participation, as evidenced by a 52.52% drop in delivery volume compared to the 5-day average.