Why is SP Apparels falling/rising?

As of 08-Jul, SP Apparels Ltd. is experiencing a decline in its stock price, currently at Rs 829.80, which reflects a decrease of Rs 13.15 or 1.56%. The stock has underperformed its sector by 3.13% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.67% during this period. The stock reached an intraday high of Rs 868.9 but also fell to a low of Rs 822, indicating volatility. Additionally, the stock's performance over the past week and month shows a decline of 1.33% and 0.64%, respectively, while it has seen a significant year-to-date drop of 9.65%. Despite a positive return of 3.72% over the past year, the stock's recent performance is hindered by a substantial decrease in delivery volume, which has fallen by 83.09% compared to the five-day average.
In the broader market context, SP Apparels' recent performance contrasts with the Sensex, which has shown a slight increase of 0.02% over the past week and a more substantial gain of 1.85% over the past month. While the company maintains a strong ability to service its debt and has a favorable valuation compared to its peers, the falling investor participation and liquidity issues may be contributing to the stock's decline. High institutional holdings at 21.49% suggest that informed investors are backing the company, yet the recent underperformance relative to the benchmark indicates a lack of confidence among retail investors. Overall, while SP Apparels has demonstrated consistent returns over the past three years, its current price movement reflects a challenging environment that may be affecting investor sentiment.