Why is Piramal Enterp. falling/rising?

As of 07-Aug, Piramal Enterprises Ltd is experiencing a decline in its stock price, currently at 1,167.95, reflecting a decrease of 7.6 points or 0.65%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.75% during this period. Additionally, the stock's performance today has underperformed its sector by 0.87%. In terms of returns, while the stock has shown a positive performance over the longer term with an 18.60% increase over the past year, it has struggled in the short term, with a 7.53% decline over the past week. The company's strong fundamentals, including a significant growth in net profit and high cash reserves, suggest potential for recovery, but the recent drop in investor participation and liquidity concerns may be contributing to the current price movement.
Broader Market Context: In the context of the broader market, the stock's recent performance contrasts with the benchmark Sensex, which has only declined by 0.69% over the past week. This indicates that while the stock has been underperforming relative to the market, it has still managed to outperform the benchmark over the longer term, with a year-to-date return of 5.60% compared to the Sensex's 3.18%. The high institutional holdings at 30.43% suggest that more informed investors are backing the stock, which could provide some stability despite the recent downturn. However, the overall negative sentiment in the market, as reflected in the broader indices, may be influencing the stock's current downward trajectory.