Why is DLF falling/rising?

As of 04-Jul, DLF Ltd. is experiencing a price increase, currently at 834.90, reflecting a rise of 5.35 or 0.64%. Today's price movement indicates a trend reversal, as the stock has gained after two consecutive days of decline. The stock is performing in line with its sector, although it has seen a significant drop in delivery volume, which fell by 63.35% compared to the 5-day average. Over the past week, DLF's stock has decreased by 1.29%, while it has shown a positive return of 3.79% over the last month. The company has reported strong financial results, including a 104.59% growth in net sales and a 67.58% increase in profit after tax over the last six months, contributing to its positive momentum despite a relatively high valuation indicated by a Price to Book Value of 4.9.
In the broader market context, DLF's short-term performance has lagged behind the benchmark Sensex, which has decreased by 0.74% over the past week. However, the stock has outperformed the benchmark over the past month, where the Sensex has gained 3.01%. The company holds a significant position in its sector, with a market capitalization of Rs 2,05,339 crore, representing 22.43% of the entire sector. High institutional holdings at 20.99% suggest confidence from more knowledgeable investors, which may support the stock's recent rise despite the challenges posed by its valuation metrics and declining investor participation.