Why is V-Mart Retail falling/rising?

As of 31-Jul, V-Mart Retail Ltd. is currently priced at 788.60, reflecting a decline of 15.35 points or 1.91%. The stock has underperformed its sector by 1.54% today, despite opening with a gain of 3.2% and reaching an intraday high of Rs 829.65. However, it also touched a low of Rs 783.4, indicating volatility within the trading day. Over the past week, the stock has decreased by 3.24%, and it has shown a significant decline of 7.28% over the past month. While the company has reported positive financial results in recent quarters, including substantial growth in net sales and operating profit, its high Debt to EBITDA ratio of 3.60 times raises concerns about its ability to service debt, contributing to the stock's downward pressure.
In the broader market context, the Sensex has decreased by 1.22% over the past week, indicating a slightly negative trend in the market overall. V-Mart's performance has been notably weaker, with a year-to-date decline of 19.84% compared to the Sensex's gain of 3.90%. This underperformance is compounded by a falling investor participation, as evidenced by a 25.49% drop in delivery volume against the 5-day average. Despite high institutional holdings at 49.8%, which typically suggests confidence in the company's fundamentals, the stock's long-term performance has been lackluster, generating negative returns over the past year and underperforming the broader market indices.