Why is PNB Housing falling/rising?

As of 01-Jul, PNB Housing Finance Ltd is currently priced at 1,104.80, reflecting a decrease of 5.2 points or 0.47%. Despite this decline, the stock has shown strong performance over the past week, with a return of 3.41%, and a notable 25.55% increase year-to-date. However, today's performance has underperformed its sector by 0.34%, and there has been a significant drop in investor participation, with delivery volume falling by 25.45% compared to the 5-day average. The stock is trading above all its moving averages, indicating a generally positive trend, but the recent decline suggests some short-term volatility. The company has reported positive results consistently over the last ten quarters, with record net sales and operating profit margins, which supports its attractive valuation despite a long-term growth concern due to a negative annual growth rate in net sales.
In the broader market context, PNB Housing's short-term return of 3.41% over the past week outpaces the Sensex's return of 2.00%, indicating that the stock is performing better than the overall market in the short term. However, the recent price drop may reflect a correction after a period of strong gains, as the stock has delivered a remarkable 306.97% return over the last three years. The high institutional ownership at 51.32% suggests that knowledgeable investors are backing the stock, which could provide some stability. Nonetheless, the concern regarding poor long-term growth due to declining net sales growth may be weighing on investor sentiment, contributing to the current price movement.