Why is DLF falling/rising?

As of 04-Sep, DLF Ltd. is experiencing a decline in its stock price, currently at 758.20, reflecting a decrease of 5.35 points or 0.7%. The stock has shown a trend reversal, falling after three consecutive days of gains. In terms of performance, the stock's delivery volume has decreased significantly by 32.64% compared to the five-day average, indicating falling investor participation. Although the company has reported positive results over the last four quarters and has a low debt-to-equity ratio, its stock has underperformed in the short term with a one-month return of -4.47%, while the benchmark Sensex has only declined by 0.37%.
In the broader market context, DLF's recent performance contrasts with the benchmark, as it has outperformed the Sensex over the past week with a return of +1.09% compared to the Sensex's +0.80%. However, the stock's year-to-date performance shows a significant decline of -8.06%, while the Sensex has gained 3.30%. This disparity suggests that while DLF has strong fundamentals, including healthy growth in operating profit and high institutional holdings, its valuation appears expensive relative to its peers, which may be contributing to the current downward pressure on its stock price.