Why is Kolte Patil Dev. falling/rising?

As of 26-Sep, Kolte Patil Developers Ltd is experiencing a decline in its stock price, currently at Rs 424.00, which reflects a decrease of Rs 37.25 or 8.08%. The stock has underperformed its sector by 6.68% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 8.53%. It opened with a loss of 2.33% and reached an intraday low of Rs 424. The stock's performance over the past week shows a decline of 8.99%, while it has also fallen 8.03% over the past month. Despite a positive year-to-date return of 19.10%, the recent performance indicates a significant downturn, compounded by a decrease in delivery volume by 9.44% against the five-day average.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 2.66% over the past week. While Kolte Patil has shown healthy long-term growth with a 60.80% annual increase in operating profit and a return on capital employed (ROCE) of 10.9%, these positive factors have not been sufficient to counteract the recent price drop. The stock is trading at a discount compared to its peers, and despite generating a 5.15% return over the past year while the market has declined, the current negative momentum suggests that investor sentiment may be shifting, leading to the recent declines.