Why is Vivo Bio Tech falling/rising?

As of 25-Sep, Vivo Bio Tech Ltd. is experiencing a decline in its stock price, currently at 37.41, which reflects a decrease of 0.8 or 2.09%. The stock has underperformed its sector by 1.23% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 4.98% during this period. Despite some positive financial indicators, such as a significant growth in profit after tax and net sales, the stock's performance over the past year shows a return of -4.37%. Additionally, the decrease in promoter holding to 36.43% raises concerns about investor confidence, while the weak long-term fundamental strength, indicated by a negative CAGR growth in net sales over the last five years, further contributes to the stock's downward movement.
In the broader market context, Vivo Bio Tech's short-term performance has been worse than the benchmark, with a 1-week return of -3.58% compared to the Sensex's -2.23%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 69.81% decrease in delivery volume against the 5-day average. While the stock is trading at a discount compared to its peers and has shown impressive profit growth, the overall sentiment remains negative due to weak fundamentals and declining promoter confidence, which may deter potential investors in the current market environment.