Why is DLF falling/rising?

As of 29-Aug, DLF Ltd. is experiencing a decline in its stock price, currently at 740.45, which reflects a decrease of 9.55 points or 1.27%. The stock has been on a downward trend, losing value for the last three consecutive days, resulting in a total decline of 4.09% during this period. Additionally, DLF is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 91.46% compared to the 5-day average. The company's strong fundamentals, including a low debt-to-equity ratio and consistent growth in operating profit, have been overshadowed by its expensive valuation metrics, such as a high price-to-book value of 4.3.
In the broader market context, DLF's short-term performance has underperformed relative to the benchmark Sensex, which has declined by 1.84% over the same one-week period, while DLF has fallen by 2.96%. This trend is further reflected in the stock's year-to-date performance, where it has decreased by 10.21%, contrasting with the Sensex's gain of 2.14%. Although DLF has shown healthy growth in net sales and profit after tax over the last six months, the stock's negative returns over the past year, coupled with a relatively low return on equity of 11, contribute to investor caution. The high institutional holdings suggest that informed investors are closely monitoring the stock, which may influence its future performance amidst the current volatility.