Why is Riddhi Corporate falling/rising?

As of 23-Jun, Riddhi Corporate Services Ltd is experiencing a decline in its stock price, currently at Rs 61.55, which reflects a decrease of Rs 1.95 or 3.07%. Today's price summary indicates that the stock has underperformed its sector by 3.88% and has fallen after two consecutive days of gains. The stock reached an intraday high of Rs 64.86 but also touched a low of Rs 60.1, suggesting significant volatility. Over the past week, the stock has decreased by 4.50%, while its performance over the last year shows a substantial decline of 31.49%. Despite the company reporting a remarkable growth in net profit of 185.54% and positive results for the last three consecutive quarters, the stock's long-term fundamentals appear weak, with a low average return on capital employed and a high debt to EBITDA ratio, which could be contributing to investor concerns.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has shown a slight increase of 0.12% over the past week. This underperformance relative to the benchmark, combined with a significant drop in investor participation, as indicated by a 19.4% decrease in delivery volume, suggests a lack of confidence among investors. The stock's liquidity is adequate for trading, but the overall negative sentiment surrounding its long-term growth prospects and recent price movements may be influencing its current decline.