Why is V-Mart Retail falling/rising?

As of 06-Oct, V-Mart Retail Ltd. is experiencing a decline in its stock price, currently at Rs 815.50, which reflects a decrease of Rs 28.7 or 3.4%. Today's price summary indicates that the stock has underperformed its sector by 0.93%, and it has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 862.2 but also touched a low of Rs 810, suggesting volatility within the trading day. Over the past week, V-Mart Retail has shown a return of +15.31%, outperforming the Sensex, which returned +1.77%. However, the stock has a year-to-date return of -17.11%, contrasting with the Sensex's +4.67%. Despite these fluctuations, the company has demonstrated healthy long-term growth, with net sales and operating profit increasing significantly, and it has reported positive results for the last three consecutive quarters.
In the broader market context, while V-Mart Retail's short-term performance has been strong compared to the benchmark, its long-term returns have lagged significantly, with a one-year return of -27.11% against the Sensex's +0.12%. The retail sector as a whole has seen a decline of 2.55%, which may be contributing to the stock's recent downward movement. Despite the current price drop, V-Mart Retail has high institutional holdings at 49.8%, indicating confidence from larger investors who have the resources to analyze the company's fundamentals. The stock is trading at a discount compared to its peers, and its attractive valuation metrics, such as a PEG ratio of 0.8, suggest potential for recovery, although current market conditions are impacting its performance negatively.