Why is Arvind Fashions falling/rising?

As of 11-Sep, Arvind Fashions Ltd is currently priced at 551.40, reflecting a decrease of 3.6 points or 0.65%. Despite this decline, the stock has shown strong performance in the preceding periods, with a 1-week return of 1.96% and a 1-month return of 6.12%, significantly outperforming the Sensex, which returned 1.03% and 1.17% respectively. Today, the stock reached an intraday high of Rs 569.6, indicating a positive trend before the current dip. The stock has been trading above its moving averages across multiple time frames, and there has been a rise in investor participation, with delivery volume increasing by 0.56% compared to the 5-day average. However, the stock has experienced a trend reversal after nine consecutive days of gains, which may have contributed to the current price drop. Additionally, while the stock has a very attractive valuation with a return on capital employed (ROCE) of 17.8, it has faced challenges with a significant profit decline of 128% over the past year, leading to a negative return of 5.57%.
In the broader market context, Arvind Fashions has outperformed the Sensex in the short term, which suggests that investor sentiment towards the stock remains relatively strong despite the recent decline. The stock's performance over the last three years has been particularly impressive, with a return of 86.41% compared to the Sensex's 36.38%. The high institutional holdings at 33% indicate confidence from larger investors, who have increased their stake by 1.64% in the previous quarter, suggesting that they believe in the company's long-term potential despite the recent profit challenges. This institutional backing may provide some stability to the stock, even as it experiences short-term fluctuations.