Why is Vedant Fashions falling/rising?

As of 19-Aug, Vedant Fashions Ltd is currently priced at 771.00, reflecting an increase of 3.35 (0.44%). The stock has been on a positive trajectory, gaining for the last four days with a total return of 4.9% over this period. However, it has underperformed its sector by 1.62% today. While the stock's performance over the past week shows a gain of 4.90%, its longer-term returns are concerning, with a decline of 39.84% year-to-date and 32.49% over the past year. The company exhibits high management efficiency with a return on equity (ROE) of 30.19% and a low debt-to-equity ratio, which are positive indicators. However, the stock is considered very expensive based on its valuation metrics, and its long-term growth prospects appear weak, as evidenced by low net sales growth and flat results in June.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 4.90% increase compared to the benchmark's 1.76% over the past week. Despite this short-term gain, Vedant Fashions has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution. The retail sector has seen a gain of 2.07%, indicating a favorable environment for retail stocks, yet Vedant's long-term performance remains a concern, as it has generated negative returns over the past year while the Sensex has increased by 4.49%. This combination of short-term gains amidst long-term challenges reflects the complex dynamics affecting the stock's price movement.