Why is Vardhman Textile falling/rising?

As of 12-Aug, Vardhman Textiles Ltd is experiencing a price increase, currently at Rs 400.70, reflecting a rise of Rs 10.7 or 2.74%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 3.31%, reaching an intraday high of Rs 402.25. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short term. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.43% compared to the 5-day average. Despite a year-to-date decline of 21.28%, the company shows strong fundamentals, including a low Debt to EBITDA ratio of 0.89 times and a healthy annual operating profit growth of 19.54%.
In the broader market context, Vardhman Textiles has underperformed the Sensex over the past week, with a return of -4.02% compared to the benchmark's -0.59%. This trend is consistent with its longer-term performance, where the stock has declined by 19.30% over the past month and 20.55% over the past year, while the Sensex has only seen a slight increase. However, the stock's high institutional holdings at 22.61% suggest that knowledgeable investors are confident in its potential, as indicated by a fair valuation relative to peers and a favorable PEG ratio of 0.8. Despite recent price movements, the company's fundamentals indicate a capacity for recovery, which may support future price stability.