Why is Sobha falling/rising?

As of 26-Jun, Sobha Ltd. is experiencing a decline in its stock price, currently at 1,480.45, reflecting a decrease of 44.05 points or 2.89%. Today's performance indicates that the stock has underperformed its sector by 2.13%, following a trend reversal after three consecutive days of gains. The stock reached an intraday low of Rs 1,470.2, showing a significant drop of 3.56%. Additionally, the stock's recent returns reveal a 4.18% decline over the past week, while it has gained 11.61% over the past month. Despite the company reporting an impressive 88.38% growth in net profit and positive results for the last three quarters, its long-term fundamental strength appears weak, with a -26.50% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.36 times, which raises concerns about its ability to service debt.
In the broader market context, Sobha Ltd. has underperformed compared to the Sensex, which has gained 2.94% over the past week and 1.92% over the past month. The stock's year-to-date performance shows a decline of 5.64%, contrasting sharply with the Sensex's 7.19% increase. This underperformance is further highlighted by the stock's return of -27.70% over the past year, while the broader market has generated a return of 4.11%. The stock's expensive valuation, indicated by a Price to Book Value of 3.5 and a low Return on Equity of 2.1, suggests that investors may be cautious, leading to decreased participation and trading volume.