Why is Sobha falling/rising?

As of 18-Aug, Sobha Ltd. is experiencing a decline in its stock price, currently at Rs 1,492.65, reflecting a decrease of Rs 37.55 or 2.45%. The stock has underperformed its sector by 4.42% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 1,491, indicating a downward trend. Over the past week, the stock has decreased by 1.83%, and its performance over the last month shows a significant drop of 11.78%. The company has high institutional holdings at 32.71%, but it faces challenges due to weak long-term fundamental strength, including a -28.71% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.36 times.
In the broader market context, while the Sensex has gained 0.83% over the past week, Sobha Ltd.'s performance has been notably weaker, highlighting its struggles relative to the market. The stock has underperformed the market over the last year, with a return of -13.22% compared to the BSE500's -1.14%. This underperformance is compounded by flat results in June, including a significant drop in PAT and low operating cash flow. The stock's expensive valuation, trading at a premium compared to its peers, further exacerbates investor concerns, leading to a decline in participation and liquidity.