Why is Pitti Engg. falling/rising?

As of 25-Aug, Pitti Engineering Ltd's stock price is currently at 939.00, reflecting a decrease of 7.35 (-0.78%). The stock has underperformed its sector by 1.1% today and has experienced a consecutive decline over the past two days, resulting in a total drop of 1.7% in that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 3.31%, and its year-to-date return stands at -28.75%, significantly underperforming the Sensex, which has gained 4.48%. While the company has shown healthy long-term growth with net sales increasing at an annual rate of 29.36%, the recent flat results and a notable decline in profit after tax (PAT) of 25.2% compared to the previous quarter have negatively impacted investor sentiment.
Broader market context shows that Pitti Engineering Ltd has significantly underperformed the broader market, with a one-year return of -34.08% compared to the BSE500's negative return of -2.11%. This stark contrast highlights the stock's struggles in attracting investor interest, as evidenced by a dramatic 81.15% drop in delivery volume against the 5-day average. Despite having an attractive valuation and a positive long-term growth outlook, the stock's recent performance, characterized by declining investor participation and poor quarterly results, has contributed to its downward price movement.