Why is Oberoi Realty falling/rising?

As of 23-Jul, Oberoi Realty Ltd. is experiencing a decline in its stock price, currently at 1,766.60, reflecting a decrease of 58.9 points or 3.23%. The stock has underperformed its sector today by 1.91% and has been on a consecutive downward trend for the last two days, with a total decline of 3.75% in this period. It opened the day with a loss of 2.99% and reached an intraday low of Rs 1,751, which is a drop of 4.08%. Over the past week, the stock has decreased by 2.70%, and its year-to-date performance shows a significant decline of 23.35%, contrasting with the Sensex's gain of 5.87%. While the company has a strong ability to service debt and healthy long-term growth in net sales and operating profit, it has faced negative results in recent quarters, including a fall in EPS and a decline in PAT, which have contributed to the stock's recent downward movement.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-month return of -8.73% compared to the Sensex's gain of 1.01%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 25.19% drop in delivery volume against the 5-day average. Despite having high institutional holdings that typically indicate a strong analytical backing, the stock's valuation appears expensive with a low return on equity and a high price-to-book ratio. Overall, the combination of disappointing financial results and negative market sentiment has led to the stock's decline, overshadowing its previously consistent returns over the past three years.