Why is Aavas Financiers falling/rising?

As of 15-Oct, Aavas Financiers Ltd. is experiencing a decline in its stock price, currently at Rs 1,584.50, which reflects a decrease of Rs 13.8 or 0.86%. The stock has underperformed its sector by 1.91% today and has been on a downward trend, losing value for the last three consecutive days, resulting in a total drop of 2.9% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Over the past year, Aavas Financiers has generated a return of -10.97%, significantly underperforming against the benchmark, which has seen a modest gain of 0.96%. The company also faces challenges with 54.05% of promoter shares being pledged, which adds downward pressure in a falling market.
In the broader market context, while the Sensex has shown a positive return of 1.02% over the past week, Aavas Financiers has declined by 5.00% in the same period, highlighting its consistent underperformance. The stock's valuation appears expensive relative to its peers, with a Price to Book Value of 3.3, despite a healthy long-term growth rate in net sales and operating profit. The recent flat results reported in June and the increase in pledged shares have further contributed to investor concerns, leading to a significant drop in delivery volume, which fell by 41.2% against the five-day average. This combination of factors has resulted in a negative outlook for the stock, reinforcing its downward trajectory.