Why is FSN E-Commerce falling/rising?

As of 10-Sep, FSN E-Commerce Ventures Ltd is currently priced at Rs 238.55, reflecting a decline of Rs 3.0 or 1.24%. The stock has been underperforming recently, having fallen for the last two days and recording a total loss of 3.46% during this period. Despite being only 4.55% away from its 52-week high of Rs 249.4, the stock is currently performing below its sector by 1.56%. However, it has shown strong long-term growth, with net sales increasing at an annual rate of 29.53% and positive results for the last seven consecutive quarters, which may support its valuation in the long run.
In the broader market context, the stock's performance over the past week has been slightly positive at +0.38%, but it lags behind the benchmark Sensex, which has gained +1.06% in the same period. While the stock has outperformed the market over the past year with a return of 10.70% compared to the Sensex's -0.61%, its recent decline may reflect short-term volatility despite strong institutional support, which has increased by 1.24% in the last quarter. The rising investor participation, indicated by a 57.31% increase in delivery volume, suggests that there is still interest in the stock, potentially stabilizing its price in the near future.