Why is Shriram Properti falling/rising?

As of 11-Aug, Shriram Properties Ltd is currently priced at Rs 89.51, reflecting an increase of Rs 1.02 or 1.15%. Despite this uptick, the stock has underperformed its sector by 0.49% today and has shown a decline of 3.39% over the past week and 6.91% over the past month. The stock reached an intraday high of Rs 90.45, but it is trading below several moving averages, indicating potential weakness. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 49.32% compared to the 5-day average. While the company reported very positive results in March 2025, including a 236.44% growth in net sales and a 285.0% increase in profit after tax, the stock's performance over the past year remains negative at -14.26%, suggesting that recent gains may not be sufficient to offset longer-term declines.
In the broader market context, the Sensex has decreased by only 0.51% over the past week, indicating that Shriram Properties Ltd's short-term performance is lagging behind the benchmark. Year-to-date, the stock has fallen by 16.31%, contrasting sharply with the Sensex's gain of 3.15%. This underperformance highlights a challenging environment for the stock, despite its attractive valuation and growth in profits. The company's PEG ratio of 8.7 suggests that it may be undervalued compared to its peers, but the persistent decline in stock price indicates that investor sentiment may still be cautious.