Why is Vardhman Textile falling/rising?

As of 24-Sep, Vardhman Textiles Ltd is experiencing a decline in its stock price, currently at 417.30, reflecting a decrease of 0.6 or 0.14%. The stock has been on a downward trend, losing 6.41% over the past week and has fallen for the last five consecutive days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 52.92% compared to the 5-day average. While the company has a strong ability to service debt and has shown healthy long-term growth in operating profit, these positive factors are overshadowed by recent poor performance, including a flat quarterly result and a decline in profit after tax.
In the broader market context, Vardhman Textiles has underperformed relative to the benchmark Sensex, which has only declined by 1.18% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 18.02% compared to the Sensex's gain of 4.58%. Despite high institutional holdings and a favorable PEG ratio, the stock's recent performance and the overall negative sentiment in the market contribute to its current decline. The combination of consecutive losses, lower investor participation, and underperformance against both the market and its peers suggests a challenging environment for Vardhman Textiles at this time.