Why is Greenply Industr falling/rising?

As of 19-Sep, Greenply Industries Ltd is currently priced at 324.20, reflecting an increase of 1.45 or 0.45%. The stock has shown a positive performance over the past week and month, with returns of +1.85% and +3.05%, respectively. However, it has underperformed its sector today by -0.81%. Despite trading above its moving averages across various time frames, there has been a notable decline in investor participation, with delivery volume dropping by -67.2% compared to the 5-day average. The stock's return over the past year is -17.04%, which coincides with a significant profit decline of -16.2%. Nevertheless, it maintains an attractive valuation with a return on capital employed (ROCE) of 13.7 and a high institutional holding of 36.94%, indicating confidence from more knowledgeable investors.
In the broader market context, Greenply Industries' recent performance has outpaced the Sensex, which has returned +0.88% over the past week, while Greenply has achieved +1.85%. This suggests that the stock is gaining traction relative to the market, despite its longer-term struggles reflected in the -17.04% return over the past year. The stock's ability to trade at a discount compared to its peers' historical valuations may also contribute to its resilience, as institutional investors likely see potential for recovery. Overall, while the stock is experiencing some upward movement, the significant drop in investor participation and recent profit declines present challenges that could affect its future performance.