Why is Sobha falling/rising?

As of 22-Aug, Sobha Ltd. is experiencing a decline in its stock price, currently at 1,481.15, reflecting a decrease of 40.55 points or 2.66%. Today's price summary indicates that the stock has underperformed its sector by 2.1% and has fallen after three consecutive days of gains. The stock touched an intraday low of Rs 1,471.3, and trading volume has decreased, with delivery volume down by 3.79% against the five-day average. Over the past week, the stock has declined by 3.21%, and it has also underperformed significantly over the last month and year, with returns of -11.26% and -12.53%, respectively. The company's weak long-term fundamentals, highlighted 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, contribute to the negative sentiment surrounding the stock.
In the broader market context, while the Sensex has shown a slight gain of 0.88% over the past week, Sobha Ltd. has not only underperformed this benchmark but also the market overall, which has generated negative returns of -2.49% in the last year. The company's flat results in June, with a significant drop in net sales and a low interest coverage ratio, further exacerbate concerns among investors. Despite high institutional holdings at 32.71%, which typically indicate a level of confidence in the company's fundamentals, the stock's low return on equity and expensive valuation relative to its peers suggest that investor sentiment remains cautious, leading to the current downward price movement.