Why is Lodha Developers falling/rising?

As of 15-Oct, Lodha Developers Ltd is experiencing a price increase, currently at Rs 1,172.15, reflecting a rise of Rs 31.05 or 2.72%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. The stock reached an intraday high of Rs 1,187.3, which is a 4.05% increase. In the past week, the stock has outperformed the benchmark Sensex, with a return of +3.82% compared to the Sensex's +1.02%. However, over the last month, the stock has declined by 1.28%, while the Sensex has gained 1.00%. Positive factors contributing to the stock's recent movement include healthy long-term growth, with net sales growing at an annual rate of 21.80% and operating profit at 23.52%. The company has reported positive results for the last seven consecutive quarters, with significant growth in net sales and profit after tax. Additionally, high institutional holdings at 27.09% suggest confidence from more knowledgeable investors.
In the broader market context, while Lodha Developers has shown a positive short-term return, it has underperformed on a year-to-date basis with a decline of 15.59%, contrasting sharply with the Sensex's gain of 5.72% over the same period. The construction and real estate sector has gained by 2.52%, indicating a favorable environment for the industry. However, the stock's liquidity has decreased significantly, with a delivery volume drop of 88.64% against the five-day average, which may indicate falling investor participation. Despite the stock trading at a discount compared to its peers' average historical valuations, its high valuation metrics, such as a PEG ratio of 0.7, suggest that it may still be considered expensive.