Why is V-Mart Retail falling/rising?

As of 01-Aug, V-Mart Retail Ltd. is experiencing a decline in its stock price, currently at Rs 779.70, reflecting a decrease of Rs 8.9 or 1.13%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -3.02%. It has also touched an intraday low of Rs 769.55. In terms of performance, the stock has shown a negative return of -2.60% over the past week and -8.32% over the past month, while its year-to-date performance is down by -20.75%. Despite positive financial results in recent quarters, including significant growth in net sales and operating profit, the stock's high Debt to EBITDA ratio of 3.60 times and low Return on Equity of 0.92% indicate challenges in servicing debt and profitability, contributing to its recent price decline.
In the broader market context, V-Mart Retail's short-term performance has lagged behind the benchmark, with the Sensex showing a smaller decline of -1.06% over the past week. This underperformance is further highlighted by the stock's negative returns over various periods compared to the benchmark indices, including a -8.76% return over the past year against a -1.55% for the Sensex. The stock's liquidity has also decreased, with a significant drop in delivery volume, suggesting reduced investor interest. While institutional holdings remain high at 49.8%, indicating some level of confidence, the overall market sentiment appears cautious, leading to the stock's downward trajectory.