Why is Hemisphere Prop falling/rising?

As of 04-Sep, Hemisphere Properties India Ltd is currently priced at 166.45, reflecting a decrease of 1.2 points or 0.72%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Today, it reached an intraday high of Rs 176.5, representing a 5.28% increase, but also touched a low of Rs 163.5, which is a decrease of 2.48%. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 24.26% and 32.63%, respectively, while year-to-date it is down 4.70%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 1420.84% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, the Sensex has only increased by 0.80% over the past week and decreased by 0.37% over the past month, indicating that Hemisphere Properties has outperformed the benchmark significantly in the short term. However, the stock's year-to-date performance is lagging behind the Sensex, which has gained 3.30%. This discrepancy may contribute to the stock's current price decline as investors reassess its value in relation to the broader market trends. Overall, while the stock has shown strong short-term gains, the recent pullback could be attributed to profit-taking after a period of rapid appreciation and the need for the stock to align more closely with its longer-term performance metrics.