Why is Vardhman Textile falling/rising?

As of 29-Aug, Vardhman Textiles Ltd is experiencing a decline in its stock price, currently at Rs 424.15, which reflects a decrease of Rs 25.6 or 5.69%. Today's performance indicates that the stock has underperformed its sector by 5.41%, with an intraday low of Rs 422.25, marking a drop of 6.11%. Over the past week, the stock has shown a modest gain of 2.33%, but it has faced a significant decline of 7.74% over the past month and 16.67% year-to-date. Despite a strong ability to service debt and healthy long-term growth in operating profit, the stock's recent performance has been hampered by flat quarterly results, a low debtors turnover ratio, and a decline in profit after tax compared to previous quarters.
Broader market context shows that while Vardhman Textiles has underperformed the BSE500 index over the last year and three years, it has seen a notable increase in investor participation, with delivery volume rising significantly. The stock's performance in the short term contrasts with the benchmark's decline of 1.84% over the past week and 1.88% over the past month. This suggests that while the stock has some positive fundamentals, including high institutional holdings and a fair valuation, its recent price movement reflects broader challenges and underperformance relative to both its sector and the market.