Why is Rategain Travel falling/rising?

As of 29-Aug, Rategain Travel Technologies Ltd is experiencing a decline in its stock price, currently at 511.10, which reflects a decrease of 0.85 or 0.17%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.14%. Despite this short-term downturn, the stock has shown positive performance over the past week and month, with returns of 3.21% and 14.44%, respectively. However, it is important to note that the stock's year-to-date performance remains significantly negative at -29.41%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 38.41% and operating profit rising by 178.28%. Nevertheless, recent quarterly results have shown a decline in profit after tax and operating profit margins, which may contribute to the current negative sentiment surrounding the stock.
In the broader market context, Rategain's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 0.51% today, despite the overall decline. Over the past year, while the Sensex has recorded a slight negative return of -2.83%, Rategain's stock has significantly underperformed with a return of -31.38%. This disparity highlights the challenges the company faces in regaining investor confidence, especially given the high institutional holdings of 29.05%, which suggests that larger investors are closely monitoring the company's fundamentals. The combination of recent poor quarterly results and the stock's substantial underperformance relative to the market may be contributing factors to its current price decline.