Why is Sobha falling/rising?

As of 19-Aug, Sobha Ltd. is currently priced at 1,496.00, reflecting an increase of 3.35 (0.22%). The stock has underperformed its sector today by 0.55%, although it is trading higher than its 100-day and 200-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 180.39% compared to the 5-day average. However, the stock has shown a negative performance over various periods, including a decline of 11.58% over the past month and 12.92% over the last year. The company faces challenges with weak long-term fundamental strength, evidenced by a -28.71% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.36 times, which may contribute to investor caution.
In the broader market context, the Sensex has increased by 1.76% over the past week, contrasting with Sobha's decline of 0.93% during the same period. This underperformance is further highlighted by the stock's negative return of -12.92% over the last year, while the broader market (BSE500) has only fallen by -0.91%. Despite high institutional holdings at 32.71%, which typically indicate confidence in the company's fundamentals, the stock's low profitability per unit of shareholder funds and expensive valuation relative to its peers may be limiting its upward momentum. Overall, while there are some positive indicators such as increased trading volume, the underlying financial weaknesses and market conditions suggest a challenging environment for Sobha Ltd.