Why is Va Tech Wabag falling/rising?

As of 20-Aug, Va Tech Wabag Ltd is currently priced at 1,588.40, reflecting a decrease of 18.95 points or 1.18%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.41% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with increases of 4.07% and 7.47%, respectively. The company's financial health appears solid, with a low debt-to-equity ratio and significant growth in net sales and profit after tax over the last six months. However, a decline in investor participation, as indicated by a 12.8% drop in delivery volume compared to the five-day average, may be contributing to the stock's recent price decline.
In the broader market context, Va Tech Wabag's short-term performance has outpaced the benchmark Sensex over the past week, where the Sensex increased by 1.64%. However, the stock's year-to-date performance shows a decline of 3.44%, contrasting with the Sensex's gain of 4.76%. This suggests that while the stock has had periods of strong returns, it is currently facing challenges that may be affecting investor sentiment. The high institutional holdings at 22.36% indicate confidence from larger investors, which could provide some stability; however, the recent underperformance in the sector and falling delivery volumes may be causing concern among retail investors, leading to the stock's current decline.