Why is Voltas falling/rising?

As of 09-Jul, Voltas Ltd. is currently priced at 1,367.50, reflecting a decrease of 4.5 points or 0.33%. Today's price movement indicates a trend reversal, as the stock has fallen after two consecutive days of gains. The stock's performance today is in line with the sector, but it has experienced a significant drop in delivery volume, which has decreased by 65.33% compared to the five-day average. Over the past week, Voltas has shown a return of +2.63%, outperforming the Sensex's +0.15%, while its one-month return stands at +6.35% compared to the Sensex's +1.32%. Despite these short-term gains, the stock has a year-to-date decline of -23.59%, indicating a challenging longer-term performance. The company has reported positive financial results over the last four quarters, with significant growth in profit after tax and return on capital employed, which may support its valuation despite the recent price drop.
In the broader market context, while Voltas has shown some positive short-term returns, its year-to-date performance is notably poor compared to the Sensex, which has gained 6.91% during the same period. The stock's high institutional holdings at 55.17% suggest that knowledgeable investors are backing the company, which could provide some stability. However, the stock's current trading below its 200-day moving average and the decline in investor participation may indicate a lack of confidence among retail investors. Overall, while the company's fundamentals appear strong, the recent price movement reflects a cautious sentiment in the market, compounded by the stock's underperformance relative to broader market trends.