Why is Lakshmi Mills falling/rising?

As of 30-Jul, Lakshmi Mills Company Ltd's stock price is currently at Rs 9,606.00, reflecting a decrease of Rs 279.0, or 2.82%. The stock has underperformed its sector today, with a performance drop of 2.81%. It opened with a loss of 3.29% and reached an intraday low of Rs 9,560. Despite this decline, the stock has shown strong performance over the past year, generating a return of 51.68%, and has outperformed the BSE500 index over various time frames, including the last three years. However, the stock's recent movement may be influenced by its weak long-term fundamental strength, indicated by a low Return on Capital Employed (ROCE) of 1.80% and a modest net sales growth rate of 3.80% over the past five years.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.38% over the past week while the Sensex has declined by 1.50%. This indicates that Lakshmi Mills has managed to maintain some resilience compared to the overall market. However, the stock's recent price drop may be exacerbated by falling investor participation, with delivery volume significantly decreasing by 84.62% against the five-day average. Additionally, the limited interest from domestic mutual funds, holding only 0.01% of the company, suggests a lack of confidence in the stock's current valuation, potentially contributing to the downward pressure on its price.