Why is DLF falling/rising?

As of 25-Aug, DLF Ltd. is experiencing a price increase, currently at 772.00, reflecting a rise of 9.0 or 1.18%. Today's performance indicates that the stock has outperformed its sector by 0.4%. While the stock is above its 5-day, 100-day, and 200-day moving averages, it remains below its 20-day and 50-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 52.89% against the 5-day average. Despite this, the company has demonstrated strong fundamentals, including a low debt-to-equity ratio of 0.05 times, consistent positive results over the last four quarters, and significant growth in net sales and profit after tax. Additionally, high institutional holdings at 20.99% suggest confidence from larger investors in the company's long-term growth potential.
In the broader market context, DLF's short-term return over the past week is +0.40%, which is slightly below the benchmark Sensex's return of +0.45%. However, over the longer term, the stock has underperformed, with a year-to-date decline of -6.38% compared to the Sensex's gain of +4.48%. While the stock's valuation appears expensive with a price-to-book ratio of 4.5, it is trading at a discount relative to its peers' historical valuations. The stock's recent price movement may reflect a combination of strong operational performance and investor sentiment, despite the overall negative trend in its longer-term returns.