Why is Voltas falling/rising?

As of 03-Sep, Voltas Ltd. is currently priced at 1,430.65, experiencing a decline of 5.35 points, which represents a decrease of 0.37%. The stock has underperformed its sector by 0.48% today and has seen a trend reversal after four consecutive days of gains. Despite this recent downturn, Voltas has shown positive performance over the past week and month, with returns of 6.19% and 8.64%, respectively. However, the stock has faced significant challenges over the year, with a return of -21.04%, indicating a substantial underperformance compared to the broader market. The company's low debt-to-equity ratio and high institutional holdings suggest a stable financial position, but recent financial results indicate a decline in profitability, with a 44.3% drop in profit before tax and a 33.2% decrease in profit after tax compared to previous quarters.
In the broader market context, while the Sensex has shown a slight decline of 0.27% over the past week, Voltas has outperformed this benchmark, highlighting its relative strength in the short term. However, the stock's year-to-date performance of -20.07% starkly contrasts with the Sensex's positive return of 3.11%, reflecting a significant lag in investor sentiment. The overall market has faced challenges, but Voltas's more pronounced decline suggests specific issues within the company, particularly in its profitability metrics and valuation concerns, which have contributed to its recent price movement.