Why is PNB Housing falling/rising?

As of 19-Jun, PNB Housing Finance Ltd's stock price is currently at Rs 1,038.00, reflecting a decrease of Rs 19.0 or 1.8%. The stock has been on a downward trend, having fallen for the last three days with a total decline of 2.29% during this period. Today's performance indicates that the stock has outperformed its sector by 0.88%, but it also touched an intraday low of Rs 1,027, which is a decline of 2.84%. Over the past week, the stock has decreased by 4.53%, while it has shown a year-to-date increase of 17.95%. Despite its recent struggles, the company has reported positive results for the last ten consecutive quarters, with significant growth in net sales and operating profit, which may support its valuation despite the current price drop.
In the broader market context, PNB Housing's recent performance contrasts with the Sensex, which has only declined by 0.40% over the same week. The stock's falling price may be influenced by a decrease in investor participation, as evidenced by a 25.92% drop in delivery volume compared to the five-day average. Additionally, the finance and housing sector has seen a decline of 2.77%, which could be impacting PNB Housing's stock. However, the company maintains a strong institutional holding of 51.32%, indicating confidence from larger investors who typically have better resources to analyze market conditions. Overall, while the stock has shown strong long-term performance, recent short-term declines suggest a cautious sentiment among investors.