Why is Saregama India falling/rising?

As of 31-Jul, Saregama India Ltd is currently priced at 481.00, reflecting a slight increase of 0.1 (0.02%). Despite this minor uptick, the stock has underperformed its sector by 0.25% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.84%, and over the past month, it has decreased by 2.71%. Although the company has a low debt-to-equity ratio and high institutional holdings, which have increased by 0.82% over the previous quarter, these positive factors have not been sufficient to counteract the recent downward trends in stock performance.
In the broader market context, Saregama India's short-term performance has lagged behind the benchmark Sensex, which has fallen by only 1.22% over the past week compared to Saregama's 2.84% decline. While the stock has shown a year-to-date gain of 3.76%, it has significantly underperformed over the past year, dropping 12.93% against the Sensex's slight decline of 0.68%. The falling investor participation, indicated by a decrease in delivery volume, further suggests a lack of confidence among retail investors, contributing to the stock's recent struggles despite the positive institutional interest.