Why is Vardhman Textile falling/rising?

As of 22-Jul, Vardhman Textiles Ltd is currently priced at 484.90, reflecting a decline of 14.7 points or 2.94%. The stock has been underperforming, having fallen for three consecutive days with a total drop of 3.41%. Today, it reached an intraday low of Rs 483.1 and has seen a decrease in delivery volume by 41.8% compared to the five-day average. In the context of returns, the stock has underperformed the Sensex over the past week with a decline of 3.21%, while it has shown a modest gain of 5.33% over the past month. Despite a year-to-date drop of 4.73%, the company's fundamentals remain strong, indicated by a low Debt to EBITDA ratio of 0.89 and a solid return on equity of 8.9, suggesting that the stock is fairly valued.
Broader Market Context: In comparison to the benchmark, Vardhman Textiles has not performed well in the short term, as evidenced by its recent weekly decline against the Sensex's smaller drop of 0.47%. While the stock has demonstrated strong long-term growth with a 279.07% increase over five years, the recent performance indicates a struggle in the current market environment. The high institutional holdings at 22.61% suggest that informed investors are backing the company, yet the recent price movement reflects a lack of confidence among retail investors, possibly due to falling participation and liquidity concerns.