Why is Bata India falling/rising?

As of 26-Aug, Bata India Ltd. is experiencing a decline in its stock price, currently at Rs 1,068.00, reflecting a decrease of Rs 30.6 or 2.79%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -6.53% over the past week. It is also close to its 52-week low, just 3.96% above Rs 1,025.75. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company's performance has been disappointing, with a return of -26.34% over the past year and a significant drop in profits by -12.7%. Despite a strong ability to service debt and attractive valuations compared to peers, the poor long-term growth and consistent underperformance against benchmarks have contributed to the stock's recent decline.
In the broader market context, Bata India's short-term performance has significantly lagged behind the benchmark, with the Sensex only declining by -1.05% over the past week. The consumer durables sector, in which Bata operates, has also seen a downturn of -2.02%. Furthermore, the stock's liquidity has decreased, with delivery volumes falling by -81.62% compared to the five-day average, indicating reduced investor interest. This lack of participation, combined with the stock's ongoing struggles and negative sentiment in the sector, suggests that the broader market conditions are not favorable for Bata India at this time.