Why is Vardhman Hold. falling/rising?

As of 20-Jun, Vardhman Holdings Ltd is experiencing a decline in its stock price, currently at Rs 3,962.70, reflecting a decrease of 16.65 points or 0.42%. The stock has underperformed its sector by 1.99% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.35%. Although the stock opened with a gain of 2.78% today and reached an intraday high of Rs 4,089.95, it has shown a negative performance over the past week and month, with returns of -0.31% and -0.61%, respectively. Despite a positive annual return of 16.67%, the stock's recent performance is hindered by a significant drop in delivery volume and a mixed position relative to moving averages. Additionally, the company's fundamentals show a weak long-term strength with an average Return on Equity (ROE) of 8.77%, and flat net sales growth of -57.53% over the last nine months, which may contribute to investor concerns.
In the broader market context, Vardhman Holdings Ltd's recent performance contrasts with the Sensex, which has gained 1.59% over the past week and 1.50% over the past month. The stock's year-to-date performance is notably poor, with a decline of 9.20%, while the benchmark has risen by 5.46% during the same period. The underwhelming participation from domestic mutual funds, holding only 0.23% of the company, may indicate a lack of confidence in the stock's valuation or business prospects. Overall, while the stock has historically performed well over longer periods, its current trajectory suggests challenges that are leading to its recent price decline.