Why is Redtape falling/rising?

As of 06-Oct, Redtape Ltd's stock price is currently at 138.45, reflecting a decrease of 6.15, or 4.25%. The stock has been underperforming, with a performance today that is 4.14% lower than its sector. It has experienced consecutive declines over the last two days, totaling a drop of 5.2%. The stock touched an intraday low of Rs 137.55 and has seen a significant decrease in delivery volume, falling by 41.46% against the 5-day average. Over the past year, Redtape has generated a return of -31.12%, which is considerably worse than the broader market's negative return of -1.93%. The company has shown poor long-term growth, with net sales growing at an annual rate of only 14.63% and operating profit at 7.57% over the last five years, contributing to its declining stock price.
In the broader market context, Redtape's performance has been notably weaker compared to the benchmark, as it has underperformed the Sensex by a significant margin over various periods, including a 5.33% decline over the past month. While the stock has a high management efficiency indicated by a ROCE of 20.25%, it is currently facing challenges such as high interest expenses and a low operating profit to interest ratio, which have negatively impacted investor sentiment. The stock's valuation appears expensive relative to its peers, with a PEG ratio of 3.8, suggesting that despite some positive factors, the overall outlook remains negative, leading to its continued decline in price.