Why is PNB Housing falling/rising?

As of 26-Aug, PNB Housing Finance Ltd is experiencing a decline in its stock price, currently at Rs 782.70, which represents a decrease of Rs 17.1 or 2.14%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a 4.27% drop over the past week. Additionally, it is trading below all key moving averages and is close to its 52-week low, indicating a bearish trend. Despite the company reporting positive results for the last 11 consecutive quarters, including record net sales and profit growth, the stock's long-term growth prospects are hindered by a negative annual growth rate in net sales of -0.50%. Furthermore, while institutional holdings are high at 62.18%, indicating confidence from larger investors, the recent decline in delivery volume suggests waning interest from retail investors.
In the broader market context, PNB Housing's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 1.05% over the past week. The stock's year-to-date performance shows a decline of 11.06%, contrasting sharply with the Sensex's gain of 3.39%. This underperformance relative to the benchmark, coupled with the stock's recent price movements and declining investor participation, reflects a challenging environment for PNB Housing Finance Ltd, contributing to its current downward trajectory.