Why is Arvind Fashions falling/rising?

As of 08-Aug, Arvind Fashions Ltd is experiencing a decline in its stock price, currently at Rs 507.60, reflecting a decrease of Rs 15.4 or 2.94%. The stock has underperformed its sector today by 0.88%, reaching an intraday low of Rs 507.60. Over the past week, the stock has seen a significant drop of 9.32%, while it has shown a positive return of 9.91% over the past month. However, year-to-date, the stock is down 1.26%, despite a 5.46% increase over the past year. The stock's performance is also characterized by lower investor participation, with delivery volume falling by 36.89% compared to the 5-day average, indicating a potential lack of confidence among investors.
Broader Market Context: In the context of the broader market, the Sensex has declined by only 0.92% over the past week, suggesting that Arvind Fashions' recent performance is notably weaker than the overall market trend. The retail sector, in which Arvind operates, has also seen a decline of 2.07%, contributing to the stock's downward movement. While the stock has outperformed the benchmark over longer periods, such as a 3-year return of 72.86% compared to the Sensex's 35.69%, the recent short-term performance indicates a divergence from this trend, highlighting the challenges faced by the company in the current market environment.