Why is Go Fashion (I) falling/rising?

As of 04-Aug, Go Fashion (India) Ltd is experiencing a decline in its stock price, currently at 715.05, which reflects a decrease of 46.2 or 6.07%. The stock has been underperforming significantly, with a consecutive fall over the last three days resulting in a total decline of 14.84%. It opened with a loss of 2.84% today and reached an intraday low of Rs 708, indicating a downward trend. The stock's performance over the past week shows a decrease of 15.88%, and over the past month, it has fallen by 20.77%. Despite a strong ability to service debt and attractive valuations compared to peers, the stock has generated a negative return of 37.68% over the past year, which is compounded by poor long-term growth and consistent underperformance against benchmarks.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting sharply with Go Fashion's significant decline. The stock's performance has lagged behind the benchmark, with a year-to-date return of -24.53% compared to the Sensex's gain of 3.69%. This underperformance is further highlighted by the stock's inability to keep pace with the market over the last three years, where it has generated negative returns while the benchmark has increased by nearly 39%. The high institutional holdings suggest that while there is some confidence in the company's fundamentals, the overall market sentiment remains negative, contributing to the stock's downward trajectory.