Why is V-Guard Industri falling/rising?

As of 22-Jul, V-Guard Industries Ltd is experiencing a decline in its stock price, currently at Rs 398.50, which represents a decrease of Rs 6.55 or 1.62%. Today's price summary indicates that the stock has underperformed its sector by 0.91%, with an intraday low of Rs 393.85, reflecting a drop of 2.77%. Despite this, V-Guard is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. However, there has been a notable decrease in investor participation, with delivery volume falling by 36.5% compared to the 5-day average. Over the past week, the stock has shown a modest gain of 0.98%, while it has outperformed the benchmark Sensex over the past month with a return of 6.18%. Despite a year-to-date decline of 5.83%, the company has demonstrated strong management efficiency, with a high return on capital employed (ROCE) of 19.18% and a low debt-to-equity ratio.
In the broader market context, V-Guard's recent performance contrasts with the Sensex, which has seen a slight decline of 0.27% over the past month. The company's strong fundamentals, including a high ROCE and significant institutional holdings at 34.17%, provide a solid foundation for its valuation, despite the stock's negative return of 12.21% over the past year. The stock is currently trading at a premium compared to its peers, which may contribute to its volatility. While the company has reported positive growth in net sales and profits, the recent price movement suggests that market sentiment may be cautious, influenced by the decline in trading volume and the overall market conditions.