Why is Bata India falling/rising?

As of 29-Aug, Bata India Ltd. is currently priced at Rs 1,100.00, reflecting an increase of Rs 20.00 or 1.85%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 3% during this period. However, it is trading below its moving averages across various time frames, indicating a potential weakness in momentum. Despite the recent uptick, the stock has significantly underperformed over the past year, with a decline of 24.10%, and its profits have decreased by 12.7%. The company maintains a low Debt to EBITDA ratio of 0.70, suggesting a strong ability to service its debt, and it has high institutional holdings at 36.23%, which may provide some stability. Nevertheless, the long-term growth prospects appear poor, with net sales and operating profit growth rates of only 8.59% and 11.73%, respectively, over the last five years.
In the broader market context, Bata India’s recent performance contrasts with the benchmark, as it has experienced a slight decline of 0.47% over the past week while the Sensex fell by 1.84%. This indicates that the stock is performing relatively better than the market in the short term. However, the stock's year-to-date performance is concerning, with a drop of 20.01% compared to a gain of 2.14% in the Sensex, highlighting its consistent underperformance against the benchmark over the last three years. The falling investor participation, evidenced by a 34.43% decrease in delivery volume, further suggests a lack of confidence among retail investors, which could contribute to the stock's volatility and overall decline in value.