Why is Arvind SmartSp. falling/rising?

As of 23-Jul, Arvind SmartSpaces Ltd is experiencing a decline in its stock price, currently at Rs 621.45, which reflects a decrease of Rs 22.15 or 3.44%. The stock has been underperforming, having lost 8.42% over the last four days, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant increase in delivery volume, which rose by 410.6% against the 5-day average, the stock's recent performance has been poor, with a year-to-date decline of 28.70%. While the company has shown strong financial results in the last three quarters, including substantial growth in net sales and profit after tax, concerns about its long-term growth potential and high valuation metrics, such as a Price to Book Value of 4.8, contribute to the negative sentiment surrounding the stock.
In the broader market context, Arvind SmartSpaces Ltd has underperformed relative to the benchmark, the Sensex, which has gained 0.11% over the past week while the stock has dropped 6.96%. This trend of underperformance is evident over the past year as well, where the stock has returned -11.27% compared to the market's positive return of 1.79%. Additionally, the decrease in institutional investor participation, with a reduction of 0.85% in their stake, indicates a lack of confidence from more sophisticated investors, further impacting the stock's performance negatively.