Why is Voltas falling/rising?

As of 04-Sep, Voltas Ltd. is experiencing a decline in its stock price, currently at 1,400.00, reflecting a decrease of 30.65 points or 2.14%. The stock has underperformed its sector by 0.74% today, marking its second consecutive day of losses with a total drop of 2.51% over this period. Although the stock opened with a gain of 2.74% and reached an intraday high of Rs 1,469.9, it subsequently fell to a low of Rs 1,398.8. Over the past week, Voltas has shown a positive return of 3.02%, but its year-to-date performance is notably poor at -21.78%. The company has reported a significant decline in profitability, with a 44.3% drop in profit before tax compared to the previous four-quarter average, and a 33.2% decrease in profit after tax, contributing to its negative performance.
In the broader market context, while the Sensex has shown a slight increase of 0.80% over the past week, Voltas's performance has lagged behind, indicating a weaker position relative to the market. The stock's year-long return of -21.24% starkly contrasts with the BSE500's negative return of -4.38%, highlighting its underperformance. Despite having a low debt-to-equity ratio and high institutional holdings at 54.53%, which typically suggests stability, the company's expensive valuation and declining operational metrics have raised concerns among investors. The falling investor participation, evidenced by an 18.53% drop in delivery volume, further exacerbates the stock's downward trend.