Why is Pitti Engg. falling/rising?

As of 25-Jul, Pitti Engineering Ltd's stock price is currently at Rs 945.45, reflecting a decline of Rs 16.85 or 1.75%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 9.26% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, down by 41.78% compared to the 5-day average, suggesting a decline in investor participation. Despite these challenges, the company has shown healthy long-term growth with net sales increasing at an annual rate of 21.35% and operating profit at 26.68%. The company has also reported positive results for the last nine consecutive quarters, which may provide some support to the stock's valuation.
In the broader market context, Pitti Engineering Ltd's short-term performance has been notably weaker than the benchmark Sensex, with a 1-week return of -4.27% compared to the Sensex's -0.36%. Over the year, while the stock has generated a return of -20.63%, the Sensex has increased by 1.78%. This stark contrast highlights the stock's underperformance relative to the market. Despite the company's strong fundamentals, including a growing profit and an attractive valuation compared to peers, the recent price movements suggest that investor sentiment is currently negative, contributing to the stock's decline.