Why is Lodha Developers falling/rising?

As of 04-Sep, Lodha Developers Ltd is experiencing a decline in its stock price, currently at Rs 1,194.30, which reflects a decrease of Rs 7.6 or 0.63%. The stock opened with a gain of 2.74% today, reaching an intraday high of Rs 1,234.8, but has since fallen below its moving averages across various time frames, indicating a bearish trend. Additionally, the stock has shown a negative return of 1.70% over the past week and 3.99% over the past month, contrasting with the Sensex, which has gained 0.80% and lost only 0.37% respectively during the same periods. Despite healthy long-term growth indicators such as a 21.80% annual growth in net sales and a low debt-equity ratio of 0.35, the stock's valuation appears expensive, with a PEG ratio of 0.8, which may deter some investors.
In the broader market context, while Lodha Developers has underperformed relative to the Sensex in the short term, it has shown impressive growth over the past three years with a return of 119.13%, significantly outpacing the benchmark's 37.27%. However, the recent decline in investor participation, evidenced by a 20.97% drop in delivery volume, suggests a lack of confidence among retail investors, despite high institutional holdings at 27.09%. This combination of short-term underperformance and declining investor interest may contribute to the stock's current downward trajectory, even as it maintains strong fundamentals and growth potential.