Why is Vedant Fashions falling/rising?

As of 11-Sep, Vedant Fashions Ltd is experiencing a decline in its stock price, currently at Rs 728.50, reflecting a decrease of Rs 4.2 or 0.57%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.03% away from Rs 706.45. The company has shown poor long-term growth, with net sales growing at an annual rate of only 6.75% and operating profit at 0.93% over the last five years. Despite having a high return on equity (ROE) of 30.19% and low debt-to-equity ratio, the stock is considered expensive with a price-to-book value of 11.6, leading to concerns about its valuation compared to peers. Furthermore, the stock has consistently underperformed against benchmarks, generating a return of -42.43% over the past year.
In the broader market context, the stock's performance over the past week shows a slight decline of 0.14%, while the benchmark Sensex has increased by 1.03%. Over the past month, Vedant Fashions has fallen by 2.44%, contrasting with the Sensex's gain of 1.17%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 43.43% against the 5-day average. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative due to its historical underperformance and the lack of compelling growth prospects, which may deter potential investors.