Why is Voltas falling/rising?

As of 22-Sep, Voltas Ltd. is experiencing a decline in its stock price, currently at Rs 1,374.70, which reflects a decrease of Rs 44.7 or 3.15%. The stock has underperformed its sector by 2.28% today and has seen consecutive falls over the last two days, totaling a decline of 3.43%. In terms of returns, the stock has underperformed the benchmark Sensex over the past week, with a return of -2.77% compared to the Sensex's +0.46%. Additionally, the stock's year-to-date performance shows a significant drop of 23.19%, while it has also underperformed over the past year with a return of -28.21%. The company's recent financial performance has been disappointing, with a notable decline in profit before tax and profit after tax compared to previous quarters, alongside a low operating profit margin.
Broader Market Context: The broader market context indicates that while the Sensex has shown a modest gain of 5.15% year-to-date, Voltas has significantly lagged behind, reflecting a broader trend of underperformance. The stock's recent price movements are compounded by its high institutional holdings, which suggest that knowledgeable investors are also cautious about the stock's valuation, given its high price-to-book ratio and low return on equity. Despite a rise in investor participation, as indicated by increased delivery volumes, the overall sentiment remains negative due to the company's declining profitability and the stock's substantial underperformance relative to both the market and its peers.