Why is Lodha Developers falling/rising?

As of 18-Sep, Lodha Developers Ltd is currently priced at 1,204.40, reflecting a decrease of 0.45 or 0.04%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Although it is trading higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. In the past week, the stock has shown a return of +1.86%, slightly outperforming the Sensex, which returned +1.80%. However, over the past month, Lodha Developers has declined by 3.40%, contrasting with the Sensex's increase of 2.14%. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 21.80% and operating profit at 23.52%. Despite positive results for the last seven consecutive quarters, the stock's valuation appears expensive, which may contribute to its recent price movement.
Broader market context indicates that while Lodha Developers has seen a short-term rise, its year-to-date performance is significantly lower, with a decline of 13.27% compared to the Sensex's gain of 6.24%. The stock's performance over the past year has also been negative at -6.05%, despite a 53.8% increase in profits, suggesting that the market may be reacting to its high valuation and the PEG ratio of 0.8. The high institutional holdings at 27.09% indicate confidence from larger investors, but the stock's current price may reflect concerns about its valuation relative to peers, which could be influencing its recent price decline.