Why is Cupid falling/rising?

As of 26-Aug, Cupid Ltd's stock price is currently at Rs 170.05, reflecting a decrease of Rs 0.15 or 0.09%. The stock has been experiencing a slight decline, having fallen consecutively for the last two days, resulting in a total drop of 1.1% during this period. Despite this recent downturn, the stock has shown strong performance over the longer term, with a remarkable 124.31% increase year-to-date and a 95.26% rise over the past year. The stock is currently 2.32% away from its 52-week high and has outperformed its sector by 0.66%. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.24% compared to the five-day average, which may be contributing to the recent price movement.
In the broader market context, Cupid Ltd's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.99% compared to the Sensex's -1.05%. This indicates that while the stock is facing some challenges, it is still managing to hold up better than the overall market. The company's solid financial results, including significant growth in profit before and after tax, along with a low debt-to-equity ratio, suggest a strong underlying business. These factors have historically contributed to consistent returns, outperforming the BSE500 over the last three years, which may provide some support to the stock despite its recent price decline.