Why is Saregama India falling/rising?

As of 15-Jul, Saregama India Ltd is currently priced at 484.50, reflecting an increase of 1.5 (0.31%). The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has underperformed its sector by 0.67% today, and there has been a notable decrease in investor participation, with delivery volume falling by 18.81% against the 5-day average. Despite these challenges, the company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 31.41%. Furthermore, institutional holdings have risen by 0.71% over the previous quarter, suggesting confidence from larger investors.
In the broader market context, Saregama India's short-term performance has been slightly worse than the benchmark, with a 1-week return of -1.46% compared to the Sensex's -1.36%. Over the past month, the stock has declined by 9.92%, while the Sensex has increased by 1.79%. Year-to-date, Saregama has a positive return of 4.52%, although it lags behind the Sensex's 5.67%. This underperformance in the short term, combined with the recent decline in trading volume and the stock's position below key moving averages, indicates a cautious sentiment among investors, despite some positive long-term growth indicators.