Why is Lodha Developers falling/rising?

As of 28-Aug, Lodha Developers Ltd is experiencing a decline in its stock price, currently at Rs 1,215.00, which reflects a decrease of Rs 16.15 or 1.31%. The stock has been on a downward trend, having fallen for the last two days with a total return of -4.11% during this period. It has also touched an intraday low of Rs 1,206. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite the company's healthy long-term growth, with net sales growing at an annual rate of 21.80% and positive results for the last seven consecutive quarters, the stock's valuation appears expensive, contributing to its recent price decline.
In the broader market context, Lodha Developers has underperformed compared to the benchmark Sensex, which has seen a decline of only 2.34% over the past week, while Lodha's stock has dropped by 5.99%. This significant underperformance may be influencing investor sentiment negatively. Additionally, the falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of confidence among retail investors. While the company boasts high institutional holdings and a strong market position, the expensive valuation relative to peers and the recent negative returns may be prompting investors to sell, further driving the stock price down.