Why is Oberoi Realty falling/rising?

As of 01-Aug, Oberoi Realty Ltd. is experiencing a decline in its stock price, currently at 1,586.40, which reflects a decrease of 41.9 points or 2.57%. The stock has been underperforming, having lost 4.95% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's delivery volume has decreased by 21.02% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 6.07%, and it has seen a significant decline of 17.04% over the past month, while its year-to-date performance shows a steep drop of 31.17%. The company has reported negative results for the last two consecutive quarters, with a notable fall in earnings per share (EPS) and a decrease in profit after tax (PAT), which has contributed to its current price movement.
In the broader market context, Oberoi Realty's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.06% over the past week. Despite the company's strong ability to service debt and healthy long-term growth in net sales and operating profit, the recent negative financial results and a high price-to-book value ratio suggest that the stock is currently viewed as expensive relative to its earnings. This combination of poor recent performance, declining investor interest, and negative financial indicators has led to a bearish sentiment surrounding the stock, contributing to its ongoing decline.