Why is Lodha Developers falling/rising?

As of 10-Sep, Lodha Developers Ltd is currently priced at 1,180.50, reflecting an increase of 8.2, or 0.7%. Despite this uptick, the stock has underperformed its sector by 0.28% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.78%, and it has also seen a significant drop in investor participation, with delivery volume falling by 45.61% compared to the 5-day average. While the company has reported healthy long-term growth with net sales increasing at an annual rate of 21.80% and a positive track record of results over the last seven quarters, it faces challenges due to its high valuation and a PEG ratio of 0.8, indicating that it may be considered expensive relative to its earnings growth.
In the broader market context, Lodha Developers' recent performance contrasts with the Sensex, which has gained 1.06% over the past week. The stock's year-to-date return is notably negative at -14.99%, while the benchmark has increased by 4.21% during the same period. This underperformance may be attributed to the company's high institutional holdings, which suggest that while it has strong backing, the market sentiment remains cautious due to its expensive valuation metrics. Overall, despite some positive indicators regarding growth and profitability, the stock's recent movement reflects a combination of high valuation concerns and declining investor interest.