Why is PNB Housing falling/rising?

As of 08-Aug, PNB Housing Finance Ltd is experiencing a price increase, currently at Rs 770.00, reflecting a rise of Rs 10.8 or 1.42%. Despite this uptick, the stock has shown a decline of 4.71% over the past week and a significant drop of 29.10% over the past month. The stock is currently trading 3.1% above its 52-week low and has outperformed its sector by 2.2% today. However, it is trading below all key moving averages, indicating a bearish trend. The company has reported positive financial results for the last 11 consecutive quarters, with net sales reaching a record high, and a notable increase in profits, which may contribute to the recent price movement. Additionally, high institutional holdings at 62.18% suggest confidence from larger investors, although concerns about long-term growth persist due to a slight annual decline in net sales.
In the broader market context, PNB Housing's recent performance contrasts with the benchmark Sensex, which has declined by only 0.92% over the past week. The stock's year-to-date performance shows a loss of 12.50%, while the Sensex has gained 2.20% during the same period. This underperformance relative to the benchmark may indicate investor caution regarding the stock's future prospects despite its recent positive quarterly results. The significant drop in delivery volume and the stock's position below key moving averages further highlight the challenges it faces in regaining investor confidence amidst a generally positive market backdrop.