Why is Rategain Travel falling/rising?

As of 28-Aug, Rategain Travel Technologies Ltd is experiencing a slight decline in its stock price, currently at Rs 511.95, which reflects a decrease of -1.1 or -0.21%. The stock has been under pressure recently, having fallen consecutively for the last two days with a total return of -2.98%. Despite this recent downturn, the stock has shown resilience over the past week with a gain of +3.27% and a notable +14.66% increase over the past month. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Positive factors include a low debt-to-equity ratio, healthy long-term growth in net sales and operating profit, and high institutional holdings, which suggest a fair valuation compared to peers.
In the broader market context, Rategain's performance has outpaced the Sensex in the short term, outperforming the sector by 1.53%. However, the stock has significantly underperformed over the past year, with a return of -31.74% compared to the Sensex's -2.08%. This underperformance is compounded by flat results reported in June, where key financial metrics showed declines. While the stock has seen rising investor participation, as indicated by a 33.28% increase in delivery volume, the overall sentiment remains cautious due to its substantial losses relative to the market and the recent drop in profitability metrics.