Why is Vadilal Inds. falling/rising?

As of 24-Sep, Vadilal Industries Ltd is experiencing a decline in its stock price, currently at Rs 5,715.00, reflecting a decrease of Rs 200.55 or 3.39%. Today's price summary indicates that the stock has underperformed its sector by 4.08% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 5,706.25. Despite this drop, the stock has shown strong performance over the past month with a 16.01% increase and a remarkable 44.21% return over the past year. The company maintains a low debt-to-equity ratio of 0.42, and its net sales and operating profit have grown significantly, contributing to its attractive valuation. However, profits have decreased by 8.2% over the past year, which may be influencing investor sentiment negatively.
In the broader market context, while Vadilal Industries has outperformed the benchmark Sensex in both the short and long term, the current decline contrasts with its recent performance. The stock has generated a return of 2.19% over the past week compared to a 1.18% decline in the Sensex, indicating relative strength. However, the recent price drop may reflect profit-taking after a strong upward trend and the impact of falling profits despite healthy sales growth. Institutional investors are increasing their stakes, suggesting confidence in the company's fundamentals, but the recent price movement may be causing some caution among retail investors.