Why is Sobha falling/rising?

As of 20-Jun, Sobha Ltd. is experiencing a decline in its stock price, currently at Rs 1,496.65, which reflects a decrease of Rs 48.35 or 3.13%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.46% during this period. Today's trading saw the stock touch an intraday low of Rs 1,481.8, and there has been a notable decrease in investor participation, with delivery volume dropping by 38.84% compared to the five-day average. Despite the recent downturn, the company has reported strong financial performance, including an 88.38% growth in net profit and positive results for the last three consecutive quarters, which may indicate underlying strength.
In the broader market context, Sobha's short-term performance has been unfavorable compared to the benchmark Sensex, which has gained 1.59% over the past week while Sobha has declined by 4.43%. Year-to-date, Sobha's stock has fallen by 4.61%, contrasting with the Sensex's increase of 5.46%. Although the stock has shown impressive long-term growth, with a 204.92% increase over three years, the recent negative trends in price and investor engagement suggest that market sentiment may be weighing heavily on the stock despite its solid fundamentals.