Why is Sahara Housing falling/rising?

As of 07-Oct, Sahara Housing Fina Corporation Ltd is experiencing a decline in its stock price, currently at Rs. 54.47, which reflects a decrease of Rs. 4.46 or 7.57%. The stock had recently reached a new 52-week high of Rs. 64.82 earlier today but has since fallen after six consecutive days of gains. It opened with a significant gain of 7.72% but faced volatility throughout the day, trading within a wide range of Rs. 11.72. Despite the recent downturn, the stock has shown strong performance over the past week, month, and year, with returns of 22.08%, 39.70%, and 45.21% respectively. However, it underperformed its sector by 7.4% today, and the weighted average price indicates that more volume was traded closer to the low price, suggesting a lack of sustained buying interest.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 2.07% over the past week, Sahara Housing's short-term return of 22.08% indicates that it has significantly outperformed the market recently. However, the stock's current decline may reflect a natural correction after a period of rapid gains, coupled with high volatility today. The rising investor participation, as indicated by a 70.26% increase in delivery volume against the 5-day average, suggests that there is still interest in the stock despite today's price drop. Overall, while the stock has shown strong performance over longer periods, the recent price movement indicates a potential consolidation phase after reaching a peak.