Why is Responsive Ind falling/rising?

As of 28-Aug, Responsive Industries Ltd is currently priced at 193.70, reflecting a decrease of 2.7, or 1.37%. The stock has been on a downward trend, having lost 6.88% over the past week and 12.77% over the past month. It has also experienced a consecutive decline for the last four days, with trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 72.8% against the 5-day average. Despite a strong ability to service debt and healthy long-term growth in operating profit, the stock's performance has been hindered by flat results in June and an expensive valuation relative to its peers, contributing to its recent decline.
In the broader market context, the stock has underperformed compared to the benchmark, with a return of -27.43% over the past year, while the BSE500 index generated a negative return of only -5.01%. This stark contrast highlights the stock's struggles in a challenging market environment. The recent performance of Responsive Industries Ltd, combined with its significant drop in investor participation and consecutive losses, indicates a lack of confidence among investors, further exacerbating its decline relative to the market.