Why is PNB Housing falling/rising?

As of 09-Jul, PNB Housing Finance Ltd is experiencing a price increase, with its current price at 1,095.45, reflecting a rise of 9.45 or 0.87%. The stock has outperformed its sector by 0.3% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent decline in investor participation, with delivery volume falling by 60.87% against the 5-day average, the stock has shown strong performance over the longer term, with a year-to-date return of 24.48% and a remarkable 295.98% increase over the past three years. The company has reported positive results for the last ten consecutive quarters, with net sales and operating profit reaching record highs, contributing to its attractive valuation and high institutional holdings at 51.32%.
In the broader market context, PNB Housing's short-term return of +0.84% over the past week significantly outpaces the Sensex's return of +0.15%. This indicates that the stock is not only performing well relative to its own historical performance but also in comparison to the overall market. However, it is important to note that the company faces risks due to poor long-term growth, as net sales have declined at an annual rate of -2.00%. Despite this, the stock's strong fundamentals and consistent profitability have helped it maintain a favorable position in the market.