Why is Arvind Fashions falling/rising?

As of 03-Jul, Arvind Fashions Ltd's stock price is currently at 458.25, reflecting a decrease of 15.75, or 3.32%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.62% during this period. The stock's performance today has also been weak, underperforming its sector by 2.34%. Additionally, the stock has shown negative returns over various time frames, including a 12.77% decline over the past year. Factors contributing to this decline include a significant drop in profits, with a reported PAT of -93.15 crore, and a poor EBIT to Interest ratio of 0.79, indicating weak debt servicing capability. Despite having a high institutional holding of 31.36%, which typically suggests a level of confidence in the stock, the overall financial health and profitability indicators are concerning.
In the broader market context, the stock has underperformed the benchmark index, with a 1-year return of -12.77% compared to the Sensex's gain of 4.07%. Over the past week, Arvind Fashions has declined by 5.40%, while the Sensex has only fallen by 0.62%, further highlighting the stock's relative weakness. The company's long-term growth prospects appear limited, as evidenced by a modest annual net sales growth rate of 4.00% over the last five years. This combination of poor financial performance, weak growth indicators, and underperformance relative to the market contributes to the downward pressure on the stock price.