Why is PNB Housing falling/rising?

As of 17-Jul, PNB Housing Finance Ltd's stock price is currently at 1,091.95, reflecting a decrease of 13.4 points or 1.21%. The stock has underperformed its sector by 0.64% today and has experienced a trend reversal after three consecutive days of gains. Despite this recent decline, the stock has shown strong performance over various periods, with a 36.49% return over the past year and a remarkable 298.05% increase over the last three years. The company has consistently reported positive results for the last ten quarters, with record net sales and operating profit margins, which contribute to its attractive valuation and high institutional holdings at 51.32%. However, a decline in investor participation, as indicated by a 4.94% drop in delivery volume, may be influencing the current price movement.
In the broader market context, PNB Housing's short-term performance has been relatively strong, with a 0.47% increase over the past week, while the benchmark Sensex has decreased by 1.12% during the same period. This suggests that the stock has been resilient compared to the overall market. However, the recent price drop could be attributed to profit-taking after a period of gains and a slight decrease in trading volume, which may indicate reduced investor confidence. Overall, while the stock has shown impressive long-term growth and solid fundamentals, the recent decline reflects a temporary market reaction rather than a fundamental weakness in the company's performance.