Why is Bata India falling/rising?

As of 25-Aug, Bata India Ltd. is experiencing a decline in its stock price, currently at 1,098.60, reflecting a decrease of 6.6 points or 0.6%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 3.85% during this period. Additionally, the stock has shown significant underperformance over various time frames, with a year-to-date return of -20.11% and a one-year return of -24.29%. Despite a strong ability to service debt indicated by a low Debt to EBITDA ratio of 0.70 times and attractive valuation metrics, the stock's profits have decreased by 12.7% over the past year, contributing to its negative performance. Furthermore, the stock is trading below all key moving averages, and there has been a notable decline in investor participation, with delivery volume dropping by 48.46% compared to the five-day average.
In the broader market context, Bata India's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.45% over the past week and 4.48% year-to-date. This disparity highlights the stock's consistent underperformance against the benchmark, particularly over the last three years, where it has failed to generate positive returns. The company's flat results in the most recent quarter, along with a low return on capital employed (ROCE) of 14.29%, further underscore the challenges it faces in achieving long-term growth. Despite high institutional holdings at 36.23%, which typically indicate a level of confidence in the company's fundamentals, the overall sentiment appears to be negative, leading to the stock's decline.