Why is Bata India falling/rising?

As of 21-Aug, Bata India Ltd. is experiencing a decline in its stock price, currently at 1,119.50, which reflects a decrease of 12.4 points or 1.1%. The stock has underperformed its sector by 1.19% today and has been on a downward trend for the last two days, resulting in a total return drop of 2.02%. Over the past week, the stock has shown a positive return of 6.54%, but it has significantly underperformed over longer periods, with a year-to-date return of -18.59% and a one-year return of -21.41%. The company has a low Debt to EBITDA ratio of 0.70, indicating a strong ability to service debt, but its profits have fallen by 12.7% over the past year, contributing to the stock's negative performance. Additionally, the stock is trading at a discount compared to its peers, yet it has shown poor long-term growth, with net sales growing at only 8.59% annually over the last five years.
In the broader market context, while the Sensex has increased by 1.74% over the past week, Bata India’s recent performance indicates a stark contrast, particularly as it has consistently underperformed against the benchmark over the last three years. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 88.11% against the five-day average suggests waning investor interest. High institutional holdings at 36.23% could provide some stability, yet the overall sentiment remains negative due to flat results and declining profitability, which further exacerbates the stock's struggles in the current market environment.