Why is Lodha Developers falling/rising?

As of 30-Jul, Lodha Developers Ltd is experiencing a decline in its stock price, currently at 1,237.95, which reflects a decrease of 12.05 points or 0.96%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly dropped by 50.47% compared to the 5-day average, suggesting a decrease in investor participation. Over the past week, the stock has fallen by 7.16%, and in the last month, it has decreased by 10.50%, while its year-to-date performance shows a decline of 10.85%. Despite the company reporting healthy long-term growth with a 21.80% annual increase in net sales and a 39.94% growth in profit after tax over the latest six months, the stock's valuation appears expensive with a high enterprise value to capital employed ratio of 5.2, which may be contributing to its current price movement.
In the broader market context, Lodha Developers' performance has been notably weaker than the benchmark Sensex, which has only declined by 1.50% over the past week and 2.54% over the past month. This underperformance is further highlighted by the stock's return of -7.60% over the past year, contrasting with the Sensex's marginal gain of 0.03%. The high institutional holdings at 27.09% indicate that more sophisticated investors are involved, but the stock's trading at a discount compared to its peers' historical valuations may be causing concern among retail investors. Overall, while the company has shown strong fundamentals, the combination of declining investor participation and high valuation metrics is likely influencing the stock's downward trajectory.