Why is Vivid Mercantile falling/rising?

As of 11-Aug, Vivid Mercantile Ltd's stock price is currently at 6.32, reflecting a decrease of 0.6, or 8.67%. The stock has underperformed its sector by 10.31% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown no change, while it has declined by 7.47% over the past month. Despite a year-to-date increase of 4.29%, the company has faced significant challenges, including a weak long-term fundamental strength indicated by an average Return on Capital Employed (ROCE) of 0% and a poor EBIT to Interest ratio of -1.35. Additionally, the latest financial results show a drastic decline in profit after tax and net sales, contributing to a perception of the stock as a strong sell.
In the broader market context, Vivid Mercantile's recent performance contrasts with the Sensex, which has decreased by 0.51% over the past week and 2.30% over the past month. While the stock has outperformed the benchmark year-to-date, its recent struggles highlight a divergence in performance. The rising investor participation, indicated by a 37.2% increase in delivery volume, suggests some interest in the stock despite its current challenges. However, the overall negative financial indicators and the company's expensive valuation relative to its peers may continue to weigh on investor sentiment and contribute to the stock's downward movement.