Why is Honasa Consumer falling/rising?

As of 07-Jul, Honasa Consumer Ltd's stock price is currently at Rs 296.00, reflecting an increase of Rs 1.75 or 0.59%. Despite this positive movement today, the stock has underperformed its sector by 1.57%. Over the past week, the stock has seen a decline of 4.36%, and over the past month, it has decreased by 7.50%. However, it has shown a year-to-date gain of 17.04%, indicating a strong performance relative to the beginning of the year. The company benefits from a low debt-to-equity ratio and high institutional holdings at 34.04%, suggesting that it has solid fundamentals and backing from knowledgeable investors, which may support its price stability.
In the broader market context, the FMCG sector has gained by 2.16%, indicating a positive trend in the industry, although Honasa Consumer's performance has lagged behind. The Sensex has shown a minor decline of 0.20% over the past week, while the stock's short-term performance has been significantly weaker. This underperformance may be attributed to the stock's recent volatility and the broader market conditions. The rising investor participation, as evidenced by an increase in delivery volume, suggests that there is still interest in the stock, which could help mitigate further declines in the future.