Why is Vardhman Textile falling/rising?

As of 23-Jul, Vardhman Textiles Ltd is currently priced at 486.50, reflecting an increase of 1.6 or 0.33%. The stock has shown a trend reversal today, gaining after three consecutive days of decline. Despite this uptick, it underperformed its sector by 0.86%. The stock touched an intraday low of Rs 473.85, indicating a decline of 2.28% at one point. Over the past week, the stock has decreased by 2.70%, while it has gained 3.03% over the past month. Although the stock has generated a negative return of 7.16% over the past year, its profits have risen by 16.1%, suggesting a healthy underlying performance. The company maintains a low Debt to EBITDA ratio of 0.89 times and a strong ability to service its debt, contributing to its fair valuation and positive outlook.
In the broader market context, the Sensex has increased by 0.11% over the past week, contrasting with Vardhman Textiles' decline. However, the stock has outperformed the benchmark over the last three years, with a return of 57.27% compared to the Sensex's 47.54%. The rising investor participation, indicated by a significant increase in delivery volume, suggests growing interest in the stock, despite its recent underperformance. The high institutional holdings at 22.61% further indicate confidence from knowledgeable investors, which may support future price stability and growth. Overall, while the stock has faced short-term challenges, its long-term fundamentals remain strong.