Why is Bata India falling/rising?

As of 25-Sep, Bata India Ltd. is experiencing a decline in its stock price, currently at Rs 1,188.30, which reflects a decrease of Rs 23.95 or 1.98%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 6.43% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 4.63%, while it has generated a negative return of 16.55% over the past year, with profits also down by 12.7%. Despite a low Debt to EBITDA ratio of 0.70 times and a relatively attractive valuation, the stock's recent movement is negatively impacted by falling investor participation, as evidenced by a significant drop in delivery volume. In the broader market context, the Sensex has declined by 2.23% over the past week, which indicates that while Bata India is underperforming relative to the benchmark, the overall market is also facing challenges. The stock's year-to-date performance shows a decline of 13.59%, contrasting sharply with the Sensex's gain of 3.87%. This suggests that Bata India is struggling more than the market as a whole, which may be contributing to investor sentiment and the stock's recent price movement. The high institutional holdings at 36.23% could provide some stability, but the overall trend remains negative as the stock continues to face headwinds.