Why is Rategain Travel falling/rising?

As of 26-Aug, Rategain Travel Technologies Ltd is experiencing a decline in its stock price, currently at Rs 513.05, which reflects a decrease of Rs 14.6 or 2.77%. Today's performance indicates that the stock has underperformed its sector by 2.27%, with an intraday low of Rs 509.9, representing a drop of 3.36%. Over the past week, the stock has shown a positive return of 4.46%, and over the past month, it has increased by 15.55%. However, year-to-date, the stock is down 29.14%, and over the past year, it has fallen by 31.23%. Despite these declines, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 38.41% and operating profit rising by 178.28%. The stock is trading at a discount compared to its peers, and it has a low debt-to-equity ratio, which may attract investors looking for value.
In the broader market context, while the Sensex has shown a slight positive return of 3.39% year-to-date, Rategain's significant decline of 29.14% indicates a stark underperformance relative to the benchmark. The stock's recent price movement may be influenced by flat quarterly results, with a 10.2% decline in profit after tax compared to previous quarters, and the lowest operating profit to net sales ratio recorded. Additionally, despite high institutional holdings at 29.05%, which typically suggests confidence in the company's fundamentals, the stock's performance over the past year has been considerably worse than the market average, leading to a cautious outlook among investors.