Why is DLF falling/rising?

As of 28-Aug, DLF Ltd. is experiencing a decline in its stock price, currently at 750.00, which represents a decrease of 4.75 (-0.63%). The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -2.85%. Additionally, DLF's performance over the past week and month shows declines of -2.94% and -4.70%, respectively, while it has underperformed the benchmark Sensex, which has seen a smaller decline of -2.34% over the same week. Despite these short-term challenges, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 24.33% and positive results for the last four consecutive quarters. However, the stock's valuation appears expensive with a Price to Book Value of 4.4, which may deter some investors.
In the broader market context, DLF's recent performance contrasts with the Sensex, which has only declined by -1.00% over the past month, indicating that DLF is facing specific challenges that are not affecting the market as a whole. The company's high institutional holdings at 20.99% suggest that more knowledgeable investors are closely monitoring its fundamentals, which could influence market sentiment. Despite the stock's recent struggles, it remains the largest company in its sector with a significant market cap of Rs 1,86,824 cr, accounting for 21.41% of the sector. However, the negative sentiment surrounding its valuation and recent price movements may be contributing to its current decline.