Why is Voltas falling/rising?

As of 28-Aug, Voltas Ltd. is experiencing a price increase, currently at 1,358.95, reflecting a change of 11.7 or 0.87% upward. The stock's performance today is in line with its sector, and it is trading higher than its 20-day, 50-day, and 100-day moving averages, although it is lower than its 5-day and 200-day moving averages. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 78.65% compared to the 5-day average. However, despite a 3.02% gain over the past month, the stock has underperformed year-to-date with a decline of 24.07%. The company maintains a low debt-to-equity ratio and high institutional holdings at 54.53%, which typically supports stock stability, but it faces challenges with falling profits and an expensive valuation relative to its peers.
In the broader market context, Voltas has underperformed compared to the benchmark, with a one-year return of -23.25% against the Sensex's -2.08%. This stark contrast indicates that while the overall market has faced negative returns, Voltas has struggled significantly more. The company's recent financial performance shows a substantial decline in profit before tax and profit after tax compared to previous quarters, contributing to a perception of weakness despite its high institutional backing. Overall, while there are some positive indicators such as rising investor participation and a relatively stable financial structure, the negative financial results and underperformance against the market suggest a cautious outlook for the stock.