Why is Arvind Fashions falling/rising?

As of 19-Sep, Arvind Fashions Ltd is currently priced at 565.65, reflecting an increase of 1.85 or 0.33%. The stock has shown a positive performance today, trading in a narrow range and is above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume dropping by 49.17% compared to the 5-day average. Over the past week, the stock has outperformed the Sensex, gaining 1.69% compared to the benchmark's 0.88%. Despite a year-to-date return of 10.03%, the stock has faced challenges, including a 128% decline in profits over the past year, which has contributed to a negative return of -2.95% in the same timeframe. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 17.8 and a 4.4 enterprise value to capital employed ratio, suggests it is trading at a discount compared to peers, which may support its recent price movement.
In the broader market context, Arvind Fashions has outperformed the Sensex in both the 1-week and 1-month periods, with returns of 1.69% and 9.64%, respectively, compared to the Sensex's 0.88% and 1.20%. This indicates a strong relative performance in the short term. Additionally, the high institutional holdings at 33%, which have increased by 1.64% over the previous quarter, suggest that knowledgeable investors are confident in the company's fundamentals, potentially providing a stabilizing effect on the stock's price. However, the significant drop in delivery volume may raise concerns about liquidity and investor sentiment, which could impact future price movements.