Why is Flomic Global falling/rising?

As of 23-Sep, Flomic Global Logistics Ltd is experiencing a decline in its stock price, currently at 61.07, reflecting a decrease of 0.12 or 0.2%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 11.49% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 2.32%, while its year-to-date performance is down by 15.71%. The company has reported a significant drop in profitability, with a PAT of Rs -2.98 crore, marking a 423.9% decrease compared to the previous four-quarter average, and its net sales are at their lowest. Despite strong long-term fundamentals, including a healthy growth rate in net sales and operating profit, the stock's expensive valuation and consistent underperformance against benchmarks have contributed to its recent price decline.
In the broader market context, Flomic Global's short-term performance has significantly lagged behind the benchmark, with the Sensex only declining by 0.34% over the same week. This underperformance is further highlighted by the stock's negative returns over the past year, which stand at -13.99%, compared to the Sensex's gain of 5.07%. The falling investor participation, as evidenced by a 92.26% drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's downward trajectory. Overall, the combination of poor recent financial performance, high valuation relative to peers, and a lack of investor interest has led to the stock's current decline.