Why is Lodha Developers falling/rising?

As of 13-Aug, Lodha Developers Ltd's stock price is currently at 1,228.90, reflecting an increase of 11.9 points or 0.98%. Today's performance indicates that the stock has outperformed its sector by 0.92%, with a notable rise in investor participation, as evidenced by a 41.66% increase in delivery volume compared to the 5-day average. Despite a 12.39% decline over the past month and a year-to-date drop of 11.50%, the company has shown healthy long-term growth, with net sales increasing at an annual rate of 21.80% and operating profit at 23.52%. The company has also reported positive results for the last seven consecutive quarters, which may contribute to the stock's recent upward movement.
In the broader market context, Lodha Developers has outperformed the Sensex slightly over the past week, with a return of +0.18% compared to the benchmark's -0.01%. However, the stock has underperformed over the longer term, with a year-over-year return of -5.63% against the Sensex's +2.01%. The high institutional holdings at 27.09% suggest that informed investors are backing the stock, which could provide some stability. Nevertheless, concerns about its valuation persist, as indicated by a high enterprise value to capital employed ratio and a PEG ratio of 0.8, suggesting that while the stock has potential, it may also be considered expensive relative to its earnings growth.