Why is Lodha Developers falling/rising?

As of 23-Sep, Lodha Developers Ltd's stock price is currently at 1,204.00, reflecting a decrease of 7.75 points or 0.64%. The stock has been experiencing a consecutive decline over the past two days, with a total drop of 0.94% during this period. Despite outperforming its sector by 0.28% today, the stock's performance over the last month shows a decline of 4.59%, while it has fallen 13.29% year-to-date. Positive factors include healthy long-term growth with net sales increasing at an annual rate of 21.80% and operating profit at 23.52%. However, the stock is perceived as having an expensive valuation with a high enterprise value to capital employed ratio, and it has underperformed the market significantly over the past year, generating a return of -15.42% compared to the broader market's -4.69%.
In the broader market context, Lodha Developers' recent performance contrasts with the Sensex, which has shown a slight decline of 0.34% over the past week. While the stock has outperformed its sector today, its overall year-to-date performance indicates a significant lag behind the market, which has gained 5.07% during the same period. The falling investor participation, evidenced by a 21.28% drop in delivery volume compared to the five-day average, further suggests a lack of confidence among investors. This combination of factors, including high institutional holdings and a strong growth trajectory, is overshadowed by concerns regarding valuation and recent underperformance, contributing to the stock's current downward trend.