Why is PNB Housing falling/rising?

As of 02-Sep, PNB Housing Finance Ltd's stock price is rising, currently at Rs 787.20, reflecting an increase of Rs 26.3 or 3.46%. The stock has outperformed its sector by 1.01% today and has experienced consecutive gains over the last two days, with a total return of 4.46% during this period. Despite a year-to-date decline of 10.55% and a one-year drop of 18.92%, the company has reported positive results for the last 11 consecutive quarters, including record net sales and profit growth, which contribute to its attractive valuation. Additionally, high institutional holdings at 62.18% indicate strong confidence from larger investors, further supporting the stock's recent upward movement.
In the broader market context, PNB Housing's short-term performance contrasts with the benchmark Sensex, which has declined by 0.78% over the past week. While the stock has shown resilience in the short term, its longer-term performance remains concerning, as it has underperformed the market significantly over the past year. The company's net sales growth has been stagnant, and despite positive quarterly results, the overall annual growth rate is negative. This mixed performance suggests that while there are positive indicators driving the stock's recent rise, underlying challenges may still impact investor sentiment moving forward.