Why is Nuvoco Vistas falling/rising?

As of 03-Jul, Nuvoco Vistas Corporation Ltd is currently priced at 358.60, reflecting a decrease of 4.2 points or 1.16%. Today's performance indicates that the stock has underperformed its sector by 0.72%, and it has experienced a trend reversal after two consecutive days of gains. Although the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, there has been a notable decline in investor participation, with delivery volume falling by 24.95% compared to the 5-day average. Over the past week, the stock has shown a return of 1.88%, which is favorable compared to the Sensex's decline of 0.62%, but its year-to-date return of 2.38% lags behind the Sensex's 6.53% gain. The company's recent positive financial results, including a higher PAT and improved operating profit to interest ratio, suggest a potential for recovery, yet the significant drop in profits over the past year by 85.2% raises concerns.
Broader Market Context: In the context of the broader market, while Nuvoco Vistas has shown some resilience in the short term with a 1.88% gain over the past week, it still trails behind the benchmark index, the Sensex, which has seen a decline. The stock's performance over the last month and year also indicates a struggle to keep pace with the market, as it has generated only a 0.94% return over the last month compared to the Sensex's 3.10%. The high institutional holdings at 22.92% may provide some support, as these investors typically have more resources to analyze the company's fundamentals, but the overall market sentiment appears cautious due to the recent profit decline and reduced trading activity.