Why is Lodha Developers falling/rising?

As of 12-Aug, Lodha Developers Ltd is experiencing a decline in its stock price, currently at 1,217.00, down by 7.4 points or 0.6%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 11.57% compared to the 5-day average. Over the past week, the stock has decreased by 1.35%, and it has also seen a significant decline of 13.24% over the past month, while the year-to-date performance shows a drop of 12.36%. Despite positive long-term growth indicators, such as a 21.80% annual growth rate in net sales and a 39.94% increase in profit after tax, the stock's high valuation and lower performance relative to its peers may be contributing to its current downward movement.
In the broader market context, Lodha Developers' recent performance contrasts with the benchmark Sensex, which has only declined by 0.59% over the past week. This underperformance is further highlighted by the stock's negative returns over the past month and year, while the Sensex has shown positive returns year-to-date. The high institutional holdings at 27.09% suggest that knowledgeable investors are closely monitoring the company's fundamentals, which may be influencing market sentiment. However, the stock's expensive valuation, indicated by a high enterprise value to capital employed ratio and a PEG ratio of 0.8, raises concerns among investors, leading to a cautious outlook despite the company's strong operational performance.