Why is Oberoi Realty falling/rising?

As of 05-Sep, Oberoi Realty Ltd's stock price is currently at 1,639.70, reflecting a decrease of 21.75 points or 1.31%. Today's price summary indicates that the stock underperformed its sector by 0.64% and opened with a loss of 2.49%. After four consecutive days of gains, the stock has experienced a trend reversal, touching an intraday low of Rs 1612.4. Despite a rise in investor participation, with delivery volume increasing by 28.02% against the five-day average, the stock's performance year-to-date shows a significant decline of 28.85%. The company has faced negative results in recent quarters, including a fall in earnings per share and a decline in net sales, which have contributed to its current downward movement.
In the broader market context, Oberoi Realty's short-term return of 1.87% over the past week outperformed the Sensex, which gained 1.13%. However, the stock's year-to-date performance starkly contrasts with the benchmark's positive return of 3.29%. The company's high proportion of pledged promoter shares, which has increased recently, adds further pressure on the stock price in a declining market. While the company has demonstrated strong long-term growth potential, its recent financial results and high valuation metrics have raised concerns among investors, leading to the current decline in stock price.