Why is PNB Housing falling/rising?

As of 14-Aug, PNB Housing Finance Ltd is experiencing a decline in its stock price, currently at Rs 766.95, which reflects a decrease of 6.0 points or 0.78%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.72% away from Rs 746.1. The recent performance shows a significant drop of 29.50% over the past month, despite the company declaring positive results for the last 11 consecutive quarters, including record net sales and profit growth. However, the stock has generated a negative return of 7.72% over the past year, even as profits increased by 27.8%, suggesting that market sentiment may not fully reflect the company's strong fundamentals. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 61.48% against the 5-day average.
In the broader market context, PNB Housing's short-term performance has outpaced the benchmark Sensex, which has seen a slight decline of 0.03% over the past week, while PNB Housing has gained 1.02%. Despite this short-term outperformance, the stock's year-to-date performance is down 12.85%, contrasting with the Sensex's gain of 3.15%. The high institutional holdings at 62.18% indicate confidence from larger investors, who have increased their stake by 10.86% in the previous quarter. However, the overall market sentiment appears cautious, as reflected in the stock's recent price movements and declining trading volumes, which may be contributing to the downward pressure on PNB Housing's stock price.