Why is Vardhman Textile falling/rising?

As of 01-Sep, Vardhman Textiles Ltd is experiencing a decline in its stock price, currently at Rs 416.20, which reflects a decrease of Rs 7.95 or 1.87%. The stock has underperformed its sector by 2.91% today and has been on a downward trend for the past two days, accumulating a total loss of 7.46% during this period. Although the stock is trading higher than its 20-day moving averages, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -16.11%, despite a 16.1% increase in profits, indicating a disconnect between stock performance and underlying financial health. The company's low Debt to EBITDA ratio of 0.89 times and a healthy operating profit growth rate of 19.54% suggest strong fundamentals, but recent flat results and a decrease in PAT have contributed to negative sentiment.
In the broader market context, Vardhman Textiles has shown a short-term return of +0.45% over the past week, while the benchmark Sensex has declined by 1.56%. This indicates that the stock has slightly outperformed the benchmark in the short term, despite its overall negative performance in the longer term, where it has underperformed the BSE500 over the last three years, one year, and three months. The high institutional holdings at 22.61% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the overall market sentiment appears to be cautious, influenced by the company's recent performance and the flat results reported in June, leading to a prevailing bearish outlook on the stock.