Why is Flomic Global falling/rising?

As of 22-Sep, Flomic Global Logistics Ltd is experiencing a decline in its stock price, currently at 61.20, which reflects a decrease of 0.29 or 0.47%. The stock has underperformed its sector by 0.89% today and has been on a downward trend for the last three days, accumulating a total return of -11.3% over the past year. Key financial metrics indicate a significant drop in profitability, with the profit after tax for the latest quarter falling by 423.9% compared to the previous four-quarter average, and net sales at their lowest point. Although the company has strong long-term fundamentals, with an average return on equity of 15.32% and healthy growth in net sales and operating profit, the current valuation appears expensive relative to peers, contributing to the stock's negative movement.
In the broader market context, the stock's performance over the past week shows a decline of 5.85%, while the benchmark Sensex has increased by 0.46%. This consistent underperformance against the benchmark, particularly over the last three years, highlights the challenges Flomic Global faces in attracting investor confidence. Despite the company's long-term growth potential, the recent financial results and falling investor participation, evidenced by a 37.55% drop in delivery volume, suggest that market sentiment remains cautious, further exacerbating the stock's decline.