Why is Riddhi Corporate falling/rising?

As of 18-Sep, Riddhi Corporate Services Ltd is experiencing a decline in its stock price, currently at Rs 70.98, which reflects a decrease of Rs 1.52 or 2.1%. The stock has underperformed its sector by 2.5% today and has been on a consecutive downward trend for the last two days, with a total drop of 2.23%. The stock reached an intraday low of Rs 69.95, indicating a significant decline of 3.52%. Over the past week, the stock has decreased by 3.02%, while it has shown a modest gain of 4.17% over the past month. Despite positive financial results in the last four quarters, including a 52.48% growth in profit after tax, the stock's performance over the past year has been poor, with a return of -11.19%. The falling investor participation, evidenced by a 57.32% drop in delivery volume, may also contribute to the stock's current downward movement.
In the broader market context, Riddhi Corporate's recent performance contrasts sharply with the Sensex, which has gained 1.80% over the past week and 2.14% over the past month. The stock's year-to-date performance is also negative at -1.96%, compared to the Sensex's positive return of 6.24%. The significant underperformance over three years, with a decline of 57.28% against the Sensex's rise of 41.08%, highlights the challenges faced by the company. While the stock is trading at a discount compared to its peers and has shown attractive valuation metrics, the persistent decline in stock price and investor interest suggests that market sentiment remains cautious.