Why is Blue Star falling/rising?

As of 26-Aug, Blue Star Ltd. is currently priced at 1,868.15, reflecting a decline of 35.7 points or 1.88%. The stock has been underperforming recently, having fallen for the last two days with a total drop of 2.77%. It touched an intraday low of Rs 1860, indicating a significant downward movement. Despite being above the 20, 50, 100, and 200-day moving averages, it is below the 5-day moving average. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 36.1% compared to the 5-day average. Over the past week, the stock has decreased by 2.86%, while it has shown a positive return of 6.98% over the past month. However, year-to-date, it is down 12.19%, contrasting with a 3.39% gain in the benchmark index.
In the broader market context, Blue Star's recent performance has been weaker than the benchmark Sensex, which has only declined by 1.05% over the past week. Despite this short-term underperformance, the company has strong long-term fundamentals, characterized by a low debt-to-equity ratio and consistent growth in net sales and operating profit. High institutional holdings at 39.58% suggest that informed investors are backing the company, which may provide some stability. The stock has also delivered consistent returns over the last three years, outperforming the BSE500 in each of the last three annual periods, indicating potential for recovery despite current challenges.