Why is Pitti Engg. falling/rising?

As of 11-Sep, Pitti Engineering Ltd's stock price is currently at Rs 896.55, reflecting a decline of Rs 23.65 or 2.57%. The stock has underperformed its sector by 2.35% today and has experienced consecutive falls over the last two days, totaling a decline of 2.58%. Although the stock opened with a gain of 2.78% and reached an intraday high of Rs 945.75, it also touched a low of Rs 864.6, indicating high volatility with an intraday fluctuation of 5.96%. Over the past week, the stock has decreased by 0.91%, and its year-to-date performance shows a significant drop of 31.97%, contrasting sharply with the Sensex, which has gained 4.36% during the same period. Additionally, while the company has shown healthy long-term growth with a 29.36% annual increase in net sales, its recent performance has been hindered by a 30.20% decline in stock returns over the past year, despite a 22% rise in profits.
Broader market context indicates that Pitti Engineering Ltd has significantly underperformed compared to the broader market, as evidenced by its returns relative to the BSE500, which posted a negative return of only 2.29% over the last year. The stock's recent struggles can be attributed to flat quarterly results, with a notable 25.2% decline in profit after tax compared to the previous four-quarter average, alongside a low return on capital employed (ROCE) of 14.44%. Despite attractive long-term growth prospects and a valuation discount compared to peers, the stock's recent performance has raised concerns among investors, leading to its current downward trend.