Why is Arvind SmartSp. falling/rising?

As of 31-Jul, Arvind SmartSpaces Ltd is experiencing a price increase, with its current price at 621.05, reflecting a rise of 8.3 or 1.35%. The stock has outperformed its sector by 1.87% today and has shown consecutive gains over the last two days, accumulating a total return of 1.74%. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, while the stock has seen a significant increase in institutional investor participation, with a 0.82% rise in their stake, it has also faced challenges such as a 42.49% drop in delivery volume compared to the 5-day average. Over the past month, the stock has declined by 8.67%, significantly underperforming the benchmark Sensex, which fell by only 3.00%.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the market over the past year, with a return of -17.89% compared to the Sensex's -0.68%. This underperformance is compounded by concerns regarding the company's long-term growth potential, despite positive quarterly results and a strong ability to service debt. The stock's valuation appears expensive relative to its peers, with a Price to Book Value of 4.8, and while profits have increased significantly, the stock's overall returns have been disappointing. Thus, while there are some positive indicators, the overall sentiment remains cautious due to the stock's historical performance and valuation concerns.