Why is Redtape falling/rising?

As of 26-Sep, Redtape Ltd's stock price is currently at Rs 146.60, reflecting a decrease of Rs 3.45, or 2.3%. The stock has been underperforming, having lost 7.01% over the last three days and showing a significant decline of 8.92% over the past week. Today's performance indicates that it has underperformed its sector by 0.76%. Additionally, the stock's delivery volume has dropped by 65.24% compared to the five-day average, suggesting a decline in investor participation. While the company boasts a high return on capital employed (ROCE) of 20.25%, it faces challenges with poor long-term growth, as evidenced by a low operating profit growth rate of 7.57% over the past five years and a high PEG ratio of 4, indicating an expensive valuation relative to its earnings growth.
Broader market context shows that Redtape has significantly underperformed compared to the benchmark, with a one-year return of -18.89% against the BSE500's -7.63%. This stark contrast highlights the stock's struggles, particularly in the context of a broader market that has not fared well either. The company's negative results from June, including a low operating profit to interest ratio and a declining ROCE, further contribute to investor concerns. Overall, the combination of declining investor interest, poor recent performance, and unfavorable comparisons to market benchmarks are driving the stock's downward movement.