Why is Saregama India falling/rising?

As of 14-Jul, Saregama India Ltd's stock is currently priced at Rs 483.00, reflecting a decline of Rs 8.95 or 1.82%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 3.65% during this period. It has also underperformed its sector by 2.29% today. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a healthy long-term growth rate in operating profit and strong net sales growth, the recent decline in delivery volume by 30.9% against the 5-day average suggests a decrease in investor participation, which may be contributing to the stock's downward movement.
In the broader market context, Saregama India's short-term performance over the past week shows a decline of 1.15%, which is slightly better than the Sensex's drop of 1.42%. However, over the past month, Saregama has significantly underperformed with a decline of 10.20% compared to the Sensex's gain of 1.40%. While the company has a low debt-to-equity ratio and high institutional holdings, which typically indicate stability and confidence from larger investors, the recent price movements and declining investor participation may overshadow these positive factors, leading to the current downward trend in the stock price.