Why is Honasa Consumer falling/rising?

As of 15-Sep, Honasa Consumer Ltd's stock price is currently at 299.00, reflecting a decrease of 0.2, or 0.07%. The stock has been experiencing a downward trend, having lost 1.3% over the last three days. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, it remains below the 5-day moving average. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 37.42% compared to the 5-day average. Although the company reported strong financial results in June, including significant growth in profit before tax and net sales, the stock's performance over the past year shows a decline of 39.41%, which may be contributing to current investor sentiment.
In the broader market context, the stock's performance over the past week has been negative at -0.83%, while the benchmark Sensex has gained 1.24%. This underperformance relative to the benchmark may indicate a lack of confidence among investors. However, the company benefits from a low debt-to-equity ratio and high institutional holdings, which have increased by 0.96% over the previous quarter, suggesting that institutional investors see potential in the company despite recent price declines. Overall, while there are positive indicators regarding the company's fundamentals, the recent price movement reflects a cautious market sentiment.