Why is Aditya Birla Cap falling/rising?

As of 08-Aug, Aditya Birla Capital Ltd's stock price is currently at Rs 271.55, reflecting a decrease of Rs 6.7 or 2.41%. The stock has underperformed its sector today by 1.7%, and it touched an intraday low of Rs 270.5. Despite this decline, the stock has shown strong performance over the past year with a return of 28.85%, and it is trading above its moving averages across various time frames. However, there has been a notable drop in investor participation, with delivery volume falling by 60.68% compared to the 5-day average. While the company has strong long-term fundamentals, including a solid return on equity of 13.22%, the high debt-equity ratio of 4.61 times raises concerns about its financial leverage.
In the broader market context, Aditya Birla Capital has outperformed the benchmark Sensex over the past year, with a return of 28.85% compared to the Sensex's 1.23%. However, in the short term, the stock's performance has been more volatile, as evidenced by its recent decline. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume may indicate waning interest from retail investors, which could contribute to the downward pressure on the stock price. Overall, while institutional interest has increased, the combination of high debt levels and reduced retail participation may be influencing the current price movement negatively.