Why is Vardhman Textile falling/rising?

As of 04-Sep, Vardhman Textiles Ltd is experiencing a decline in its stock price, currently at Rs 411.30, which reflects a decrease of Rs 5.8 or 1.39%. The stock has underperformed its sector by 0.32% today, with an intraday high of Rs 425.45. Over the past week, the stock has dropped by 8.55%, and it has also shown negative returns of 1.34% over the past month and 19.19% year-to-date. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has significantly decreased by 85.86% compared to the 5-day average, suggesting a drop in investor participation. Despite a strong ability to service debt and healthy long-term growth, the stock's performance has been hindered by flat results in recent quarters and below-par performance in both the long-term and near-term compared to benchmarks.
In the broader market context, Vardhman Textiles has underperformed the Sensex, which has gained 0.80% over the past week, while the stock has seen a substantial decline. The company's returns over the past year are down 15.92%, contrasting with the Sensex's slight decline of 1.98%. This underperformance is compounded by the fact that the stock has lagged behind the BSE500 in various time frames, including the last three years and one year. Although the company has a high institutional holding of 22.61%, which typically indicates confidence from knowledgeable investors, the overall market sentiment and the company's recent financial results have contributed to the downward pressure on the stock price.