Why is Riddhi Corporate falling/rising?

As of 12-Sep, Riddhi Corporate Services Ltd is currently priced at 72.49, reflecting a decrease of 0.7 or 0.96%. The stock has underperformed its sector today by 0.57%, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 2383.61% compared to the 5-day average. Over the past week, the stock has shown a modest gain of 1.05%, but it has declined by 3.37% over the past month and 7.49% over the past year, while profits have risen by 163%. The company has demonstrated strong financial performance, with positive results for the last four consecutive quarters, including a 52.48% growth in PAT and a low debt-equity ratio of 1.37 times, which may support its valuation.
In the broader market context, Riddhi Corporate's short-term performance has lagged behind the benchmark Sensex, which has gained 1.48% over the past week. While the stock has shown some resilience in the face of broader market trends, its year-to-date return of 0.12% is significantly lower than the Sensex's 4.82%. The stock's attractive valuation, indicated by a PEG ratio of 0 and a trading discount compared to peers, suggests potential for recovery, but the recent price decline indicates that investor sentiment may still be cautious despite the company's strong fundamentals.