Why is DLF falling/rising?

As of 05-Sep, DLF Ltd. is experiencing a decline in its stock price, currently at 755.80, which reflects a decrease of 2.4 points or 0.32%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total return of -1.01% during this period. Although it outperformed its sector by 0.35% today, the stock's performance over the past month shows a decline of 3.19%, and year-to-date, it has dropped by 8.35%. Despite a healthy long-term growth rate in operating profit and positive results over the last four quarters, the stock is facing challenges due to a high valuation indicated by a Price to Book Value of 4.4 and a relatively low return on equity of 11.
In the broader market context, DLF's short-term performance has outpaced the Sensex, which has only increased by 1.13% over the past week. However, the stock's year-over-year return of -10.18% contrasts sharply with the Sensex's decline of just 1.81%, indicating that while DLF has shown strong institutional support and growth in profits, its valuation concerns and recent price movements may be causing investor hesitation. The falling investor participation, as evidenced by a significant drop in delivery volume, further suggests a cautious sentiment among traders, which could be contributing to the stock's current downward trend.