Why is Lodha Developers falling/rising?

As of 22-Sep, Lodha Developers Ltd is currently priced at 1,212.05, reflecting a decrease of 3.4 points or 0.28%. The stock's performance today is in line with its sector, although it is trading lower than its 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Over the past week, the stock has gained 2.08%, but it has seen a decline of 3.95% over the past month and a significant drop of 12.71% year-to-date. Despite healthy long-term growth, with net sales increasing at an annual rate of 21.80% and operating profit at 23.52%, the stock's recent performance has been hindered by falling investor participation, as evidenced by a 31.64% drop in delivery volume compared to the 5-day average.
In the broader market context, while Lodha Developers has outperformed the Sensex by 1.62% over the past week, it has underperformed over the longer term, with a year-to-date return of -12.71% compared to the Sensex's gain of 5.15%. The stock's high institutional holdings at 27.09% suggest that knowledgeable investors are backing the company, yet its expensive valuation, indicated by a high enterprise value to capital employed ratio and a low PEG ratio of 0.8, raises concerns. This combination of strong fundamentals and high valuation may lead to cautious sentiment among investors, contributing to the stock's recent decline.