Why is SP Apparels falling/rising?

As of 07-Jul, SP Apparels Ltd. is experiencing a decline in its stock price, currently at 842.95, which reflects a decrease of 11.9 points or 1.39%. The stock has underperformed its sector today by 0.73%, and its delivery volume has significantly dropped by 71.67% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 2.44%, while it has shown a modest gain of 0.93% over the past month. Despite a year-to-date decline of 8.22%, the stock has performed well over a three-year period, with a return of 128.53%. The company's low Debt to EBITDA ratio of 1.11 times and a return on capital employed (ROCE) of 12 suggest a strong ability to service debt, which may provide some support to the stock's valuation.
In the broader market context, the Sensex has shown a slight decline of 0.20% over the past week, which is less than the stock's decline, indicating that the stock's performance is lagging behind the overall market. While SP Apparels has high institutional holdings at 21.49%, suggesting confidence from knowledgeable investors, the current market conditions and the stock's underperformance relative to its peers may be contributing to the downward pressure on its price. The stock is trading at a discount compared to its peers' average historical valuations, which could attract future interest, but the immediate outlook remains challenged by the recent drop in trading volume and overall market sentiment.