Why is Lodha Developers falling/rising?

As of 12-Sep, Lodha Developers Ltd is experiencing a decline in its stock price, currently at Rs 1,168.00, reflecting a decrease of Rs 14.35 or 1.21%. Today's price summary indicates that the stock underperformed its sector by 1.31% and has fallen after two consecutive days of gains. Although it opened with a gain of 2.34% and reached an intraday high of Rs 1,234.95, the overall trend shows that it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 60.55% compared to the 5-day average. Despite positive long-term growth indicators, such as a 21.80% annual increase in net sales and a low debt-equity ratio, the stock's high valuation and underperformance relative to its peers may be contributing to its current decline.
In the broader market context, Lodha Developers' short-term performance has been negative, with a 1-week return of -0.60%, while the benchmark Sensex has gained 1.48% during the same period. This underperformance is further highlighted by the stock's year-to-date return of -15.89%, contrasting with the Sensex's positive return of 4.82%. The company's high institutional holdings suggest that it has strong backing, but the expensive valuation relative to its peers and the recent decline in trading volume may be causing caution among investors. Overall, while the company shows healthy long-term growth potential, the recent stock price movement reflects a combination of market sentiment and valuation concerns.