Why is Sobha falling/rising?

As of 11-Jul, Sobha Ltd. is experiencing a decline in its stock price, currently at 1,495.00, reflecting a decrease of 23.4 points or 1.54%. The stock has underperformed its sector by 0.33% today, and its delivery volume has fallen significantly by 35.47% compared to the 5-day average, indicating a decrease in investor participation. Over the past week, the stock has decreased by 1.80%, and it has shown a substantial decline of 25.90% over the past year, contrasting sharply with the Sensex, which has gained 3.26% in the same period. Despite positive financial results, including an 88.38% growth in net profit and consistent positive results over the last three quarters, the stock's performance has been overshadowed by its recent price movements and lower trading volumes.
In the broader market context, Sobha's short-term performance has lagged behind the benchmark Sensex, which has only seen a slight decline of 1.12% over the past week. The stock's year-to-date performance is also negative at -4.71%, while the Sensex has increased by 5.58%. This underperformance, combined with the falling investor participation and the stock trading below its shorter-term moving averages, suggests a lack of confidence among investors despite the company's strong financial results. The liquidity of the stock remains adequate for trading, but the overall sentiment appears to be cautious, contributing to the recent decline in its price.