Why is Sobha falling/rising?

As of 22-Jul, Sobha Ltd. is experiencing a decline in its stock price, currently at 1,669.05, which represents a decrease of 29.45 points or 1.73%. Today's price summary indicates that the stock has underperformed its sector by 0.93% and has fallen after three consecutive days of gains. Despite touching an intraday high of Rs 1732.45, the stock's weighted average price suggests that more volume was traded closer to its low price. Over the past week, Sobha has shown a positive return of 1.03%, and over the past month, it has increased by 11.52%. The company has reported strong financial results, including an 88.38% growth in net profit and positive results for the last three consecutive quarters, which could support its valuation despite the recent price drop.
In the broader market context, Sobha's recent performance contrasts with the Sensex, which has declined by 0.47% over the past week. While Sobha's year-to-date return stands at 6.38%, outperforming the Sensex's 5.18%, its one-year performance shows a decline of 6.86%, while the Sensex has gained 2.09%. The stock's high institutional holdings at 32.71% suggest that knowledgeable investors are backing the company, which may provide some stability. However, the significant drop in delivery volume by 82.82% against the five-day average indicates falling investor participation, which could be a contributing factor to the stock's current downward trend.