Why is Vedanta falling/rising?

As of 01-Aug, Vedanta Ltd. is currently priced at 424.35, reflecting a decrease of 0.95, or 0.22%. The stock has been on a downward trend, having fallen for the last three days and showing a total decline of 3.45% during this period. In terms of performance, Vedanta has underperformed the sector, despite a notable increase in delivery volume, which rose by 146.66% against the five-day average. Over the past week, the stock has declined by 4.31%, while its one-month return shows a more significant drop of 8.90%. Despite these short-term declines, the company boasts strong long-term fundamentals, including a high return on capital employed (ROCE) of 30.57% and a healthy growth rate in net sales and operating profit. Additionally, Vedanta has a high dividend yield of 9.29%, which may attract long-term investors despite the recent price drop.
In the broader market context, Vedanta's recent performance contrasts with the benchmark Sensex, which has only declined by 1.06% over the past week and 3.70% over the past month. This indicates that Vedanta is underperforming relative to the overall market. The metal sector, to which Vedanta belongs, has also seen a decline of 2.64%, contributing to the stock's downward movement. However, the company maintains a strong institutional holding of 27.13%, suggesting confidence among larger investors. Despite the recent price decline, Vedanta's robust fundamentals and attractive valuation may provide a cushion against further losses, indicating potential for recovery in the long term.