Why is Arvind Fashions falling/rising?

As of 18-Aug, Arvind Fashions Ltd's stock price is currently at 517.45, reflecting an increase of 18.55 or 3.72%. Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 524, which is a 5.03% increase. Despite this positive movement, the stock has underperformed its sector by 1.01%. Over the past month, Arvind Fashions has shown a return of 4.87%, while its performance over the past year has yielded a return of 9.09%. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 17.8 and a lower trading price compared to peers, suggests potential for growth. However, the company's profits have fallen by 128% over the past year, which raises concerns despite high institutional holdings increasing by 1.64%.
Broader market context shows that while Arvind Fashions has experienced a short-term decline of 0.34% over the past week, the benchmark Sensex has gained 0.83% in the same period. The retail sector has performed well, gaining 4.65%, which contrasts with Arvind's recent underperformance. The stock's liquidity remains adequate, with a delivery volume that has decreased by 13.53% against the five-day average, indicating a potential decline in investor participation. Overall, while the stock is experiencing a short-term rise, its long-term performance and recent profit decline may contribute to cautious sentiment among investors.