Why is DLF falling/rising?

As of 06-Aug, DLF Ltd. is experiencing a decline in its stock price, currently at Rs 765.25, reflecting a decrease of Rs 15.45 or 1.98%. The stock has underperformed its sector by 0.65% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.58% during this period. Over the past week, DLF's stock has fallen by 3.00%, and in the last month, it has decreased by 8.34%. Despite a healthy long-term growth outlook, with operating profit growing at an annual rate of 15.94% and positive results over the last four quarters, the stock's valuation appears expensive with a Price to Book Value of 4.5, which may be contributing to the recent price drop.
In the broader market context, DLF's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 1.15% over the past week. While DLF has a strong institutional holding of 20.99% and a significant market cap that positions it as the largest company in its sector, the stock's recent performance contrasts with the overall market trend. The company's returns over the past year have been negative at -6.75%, despite a substantial profit increase of 68.2%, indicating a potential disconnect between market perception and underlying financial performance. This combination of factors suggests that while DLF has solid fundamentals, its current valuation and recent price movements are causing investor concern, leading to the stock's decline.