Why is Oberoi Realty falling/rising?

As of 24-Sep, Oberoi Realty Ltd's stock price is currently at 1,617.00, reflecting a decline of 49.75 points, or 2.98%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 3.46% during this period. It has also underperformed its sector by 0.56%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has shown a significant year-to-date decline of 29.84%, while its performance over the past year has also been negative at -15.07%. The company has faced negative results in recent quarters, including a fall in earnings per share and a decrease in profit after tax, which has contributed to the stock's downward movement. Furthermore, a high percentage of promoter shares being pledged adds to the downward pressure on the stock price.
In the broader market context, Oberoi Realty's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 1.18% over the past week, compared to Oberoi's 2.54% drop. The construction and real estate sector has also experienced a decline of 2.44%, reflecting a challenging environment. The falling investor participation, as indicated by a 22.82% decrease in delivery volume, suggests waning interest in the stock. Despite the company's strong ability to service debt and healthy long-term growth in net sales and operating profit, the overall negative sentiment stemming from recent financial results and high promoter pledge levels has overshadowed these positives, leading to a continued decline in the stock price.