Why is VIP Clothing falling/rising?

As of 25-Jun, VIP Clothing Ltd's stock price is currently at 41.28, reflecting a decline of 0.74, or 1.76%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.53% during this period. Despite this recent downturn, the stock has shown positive performance over the past week, gaining 2.58%, although it has underperformed the sector by 4.37% today. Notably, the company has reported strong operating profit growth of 30.02% and has declared positive results for the last three consecutive quarters, which may suggest underlying strength despite the current price drop. The stock is trading above its moving averages, indicating potential resilience, but a decline in investor participation, with delivery volume falling by 7.29%, may be contributing to the recent price decline.
In the broader market context, while VIP Clothing's short-term performance over the past week is positive, it has lagged behind the Sensex, which has increased by 1.61% during the same period. Year-to-date, VIP Clothing has seen a significant decline of 12.17%, contrasting sharply with the Sensex's gain of 5.91%. This disparity highlights the stock's struggles relative to the overall market. Despite its attractive valuation metrics, including a low PEG ratio of 0.5 and a strong increase in profits, the stock's recent performance suggests that investor sentiment may be cautious, particularly in light of the recent price movements and declining trading volumes.