Why is Riddhi Corporate falling/rising?

As of 16-Sep, Riddhi Corporate Services Ltd is experiencing a price increase, currently at Rs 72.60, reflecting a rise of 2.47 or 3.52%. The stock has shown a positive trend today, outperforming its sector by 4.02% and reversing a two-day decline. It opened with a significant gain of 5.23% and reached an intraday high of Rs 73.8. Despite this positive movement, the stock has a mixed performance over different periods, with a 1-week return of +2.07% and a 1-month return of +1.41%, but it has underperformed over the year with a -9.25% return. The company has reported positive financial results over the last four quarters, with a notable growth in profit after tax and a strong return on capital employed, which may contribute to the stock's recent upward movement.
In the broader market context, Riddhi Corporate's short-term performance has outpaced the Sensex, which has returned +1.58% over the same week. However, the stock's year-to-date performance is lagging behind the benchmark, with a return of +0.28% compared to the Sensex's +5.43%. The stock's liquidity appears adequate for trading, although there has been a significant drop in delivery volume, indicating a potential decrease in investor participation. While the stock is trading at a discount compared to its peers and has shown attractive valuations, the long-term performance remains concerning, as evidenced by a -56.30% return over three years, suggesting that investors should remain cautious despite the recent gains.