Why is Aditya Vision falling/rising?

As of 30-Jun, Aditya Vision Ltd's stock price is currently at Rs 374.50, reflecting a decline of Rs 21.55 or 5.44%. The stock has underperformed its sector by 6.6% today, reaching an intraday low of Rs 370.9. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has seen a slight decrease of 0.15%, and it has significantly underperformed the benchmark Sensex over the past month and year, with returns of -7.76% and -15.82%, respectively. Despite positive financial indicators such as a high return on capital employed (ROCE) of 24.56% and consistent growth in net sales and operating profit, the company's high debt-to-equity ratio of 1.54 times raises concerns about its financial stability, contributing to the stock's downward movement.
In the broader market context, the Sensex has gained 2.09% over the past week and 2.65% over the past month, contrasting sharply with Aditya Vision's negative returns. This indicates that while the overall market is performing well, Aditya Vision is struggling to keep pace, which may lead to a lack of investor confidence. The stock's high institutional holdings of 26.51% suggest that informed investors are closely monitoring its performance, yet the recent decline in delivery volume by 34.4% against the five-day average indicates waning investor interest. Overall, the combination of high debt, underperformance relative to the market, and declining trading activity contributes to the stock's current downward trajectory.