Why is Riddhi Corporate falling/rising?

As of 24-Sep, Riddhi Corporate Services Ltd is experiencing a decline in its stock price, currently at 70.00, which reflects a decrease of 0.81 or 1.14%. Today's price summary indicates that the stock has outperformed its sector by 0.69%, although it is trading lower than its 5-day and 20-day moving averages. Over the past week, the stock has fallen by 3.45%, and it has also shown a significant decline of 66.97% over the past three years. Despite the recent downturn, the company has reported positive results for the last four consecutive quarters, with net sales growing by 52.83% and profits rising by 163%, which suggests a strong underlying performance. However, the falling investor participation, with a delivery volume drop of 50.53% against the 5-day average, may be contributing to the stock's recent price decline.
In the broader market context, Riddhi Corporate's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.45% compared to the Sensex's -1.18%. This underperformance is further highlighted by the stock's year-to-date decline of 3.31%, while the Sensex has gained 4.58% during the same period. The BPO/ITeS sector, in which Riddhi operates, has also seen a decline of 2.12%, indicating a challenging environment for the industry. Despite the attractive valuation metrics and the company's strong financial performance, the overall market conditions and reduced investor engagement appear to be negatively impacting the stock's price movement.