Why is DLF falling/rising?

As of 12-Sep, DLF Ltd. is experiencing a slight decline in its stock price, currently at 758.20, reflecting a decrease of 0.8 points or 0.11%. The stock has fallen after two consecutive days of gains, and its performance today is in line with the sector. In terms of returns, DLF has shown a modest increase of 0.32% over the past week, but it lags behind the Sensex, which has risen by 1.48% in the same period. The stock's delivery volume has also decreased by 6.46% compared to the five-day average, indicating a drop in investor participation. Despite a healthy long-term growth outlook, with operating profit increasing at an annual rate of 24.33% and positive results over the last four quarters, the stock's valuation remains a concern, as it is perceived as expensive with a high Price to Book Value ratio of 4.4.
In the broader market context, while DLF's year-to-date return is down by 8.06%, the Sensex has gained 4.82% during the same timeframe, highlighting a significant underperformance relative to the benchmark. This disparity may contribute to investor sentiment affecting DLF's stock price negatively. Additionally, the company's high institutional holdings at 20.99% suggest that informed investors are closely monitoring its fundamentals, which may influence trading behavior. Overall, the combination of a recent trend reversal, declining investor participation, and concerns over valuation compared to peers are contributing factors to the stock's current downward movement.