Why is V-Mart Retail falling/rising?

As of 03-Jul, V-Mart Retail Ltd. is experiencing a decline in its stock price, currently at Rs 798.95, which reflects a decrease of Rs 24.5 or 2.98%. The stock has underperformed its sector by 2% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 7.28% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While the company reported a higher profit after tax of Rs 70.59 crore in the latest six months and has a relatively attractive valuation compared to peers, it also faces challenges such as weak long-term fundamental strength and a high debt to EBITDA ratio, which may contribute to investor concerns.
In the broader market context, V-Mart's short-term performance has significantly lagged behind the benchmark Sensex, which has seen a slight decline of only 0.62% over the past week, while V-Mart has dropped by 7.45%. This stark contrast highlights the stock's underperformance relative to the market. Furthermore, despite a year-over-year return of 4.28%, the stock has seen a year-to-date decline of 18.79%, while the Sensex has gained 6.53% during the same period. The high institutional holdings at 50.4% indicate some level of confidence from larger investors, but the overall market sentiment appears to be cautious, reflecting the stock's recent struggles.