Why is Arvind Ltd falling/rising?

As of 05-Aug, Arvind Ltd's stock price is currently at 313.90, reflecting a decrease of 2.65, or 0.84%. The stock has underperformed its sector by 0.41% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 43.51% compared to the 5-day average. Over the past week, the stock has declined by 5.45%, and it has experienced a year-to-date drop of 23.48%, contrasting sharply with the Sensex, which has gained 3.29% during the same period.
In the broader market context, while Arvind Ltd has shown strong long-term performance with a 3-year return of 226.47% and a 5-year return of 924.14%, its recent short-term performance has been notably poor compared to the Sensex, which has only declined by 0.77% over the past week. This stark contrast highlights the challenges Arvind Ltd is facing in the current market environment, as it struggles to maintain investor interest and confidence amidst declining trading volumes and overall negative momentum.