Why is Arvind Fashions falling/rising?

As of 18-Sep, Arvind Fashions Ltd is currently priced at 563.80, reflecting a decline of 0.8 points or 0.14%. The stock has underperformed its sector today by 1.12% and has experienced a trend reversal after four consecutive days of gains. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.25% and 8.96%, respectively. However, it has generated a negative return of 4.00% over the past year, coinciding with a significant drop in profits of 128%. The stock is trading at a discount compared to its peers, and high institutional holdings at 33% suggest confidence from larger investors, as their stake has increased by 1.64% in the last quarter.
In the broader market context, Arvind Fashions has outperformed the Sensex over the past week and month, with respective returns of 2.25% and 8.96% compared to the Sensex's 1.80% and 2.14%. However, the stock's recent decline may be attributed to falling investor participation, as evidenced by an 8.54% drop in delivery volume against the five-day average. While the stock remains liquid enough for trading, the overall market sentiment appears cautious, particularly given the recent profit decline and the stock's underperformance today.