Why is Vardhman Textile falling/rising?

As of 11-Jul, Vardhman Textiles Ltd is experiencing a decline in its stock price, currently at Rs 496.55, which reflects a decrease of Rs 12.4 or 2.44%. The stock has underperformed its sector by 0.92% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 496.25, indicating a downward trend. Over the past week, the stock has decreased by 0.83%, while it has shown a slight increase of 0.38% over the past month. However, year-to-date, it has declined by 2.45%, contrasting with a positive return of 5.58% for the Sensex. The stock's delivery volume has also fallen significantly, down by 48.82% compared to the five-day average, suggesting reduced investor participation.
In the broader market context, Vardhman Textiles' recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.12% over the past week. Despite the stock's current struggles, it has a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.89 times, and high institutional holdings at 22.47%, indicating confidence from more knowledgeable investors. However, the stock's liquidity remains adequate for trading, as it is based on 2% of the five-day average traded value, allowing for trades of Rs 2.5 crore. Overall, while the stock has demonstrated strong long-term growth over three and five years, its recent performance reflects short-term challenges amid a fluctuating market environment.