Why is Aditya Vision falling/rising?

As of 01-Aug, Aditya Vision Ltd's stock price is currently at Rs 392.25, reflecting a decrease of Rs 4.1 or 1.03%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. It touched an intraday low of Rs 383.45, which is a decline of 3.25%. Despite outperforming its sector by 0.57% today, the stock's delivery volume has decreased by 13.84% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has gained 1.08%, while it has outperformed the benchmark Sensex, which fell by 1.06%. However, the stock has underperformed over the year with a return of -14.73%, significantly worse than the Sensex's decline of 1.55%.
In the broader market context, while Aditya Vision has shown some resilience in the short term, its long-term performance remains concerning, particularly with a year-to-date decline of 23.16%. The company has high management efficiency, with a return on capital employed (ROCE) of 24.56%, and has seen healthy growth in net sales and operating profit. However, it also carries a high debt-to-equity ratio of 1.54, which raises concerns about its financial stability. Additionally, despite a recent increase in institutional holdings, the stock's expensive valuation and flat results in the last quarter contribute to its current downward movement. Overall, while there are positive growth indicators, the combination of high debt and underperformance relative to the market has led to a decline in investor confidence.