Why is Vardhman Polytex falling/rising?

As of 27-Jun, Vardhman Polytex Ltd's stock price is currently at 12.22, reflecting a slight increase of 0.03 or 0.25%. The stock has been gaining over the last two days, with a total return of 2.43% during this period. However, it has underperformed its sector by 0.48% today. Despite a strong performance over the past three years, with a remarkable 461.84% return, the stock has shown a decline of 6.79% over the past month. The company faces challenges such as a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -12.66%. Additionally, a significant portion of promoter shares, 69.62%, are pledged, which can exert downward pressure on the stock price in adverse market conditions.
In the broader market context, Vardhman Polytex's recent performance contrasts with the Sensex, which has gained 2.00% over the past week and 3.07% over the past month. While the stock has outperformed the Sensex over the past year with a 23.56% return compared to the index's 6.08%, the recent decline in investor participation, indicated by a 62.64% drop in delivery volume, raises concerns about liquidity and market interest. The combination of these factors suggests that while the stock has had a strong historical performance, current challenges may be contributing to its recent price movements.