Why is Rishi Laser falling/rising?

As of 07-Jul, Rishi Laser Ltd's stock price is currently at 145.00, reflecting an increase of 1.25 or 0.87%. Despite opening the day with a loss of 3.72% and touching an intraday low of Rs 138.3, the stock has managed to outperform its sector by 1.12%. Over the past week, Rishi Laser has shown a slight gain of 0.10%, while its one-month performance is significantly better at +7.77%. However, the stock has experienced a decline of 10.88% over the past year, with profits falling by 5.3%. The stock is trading at a discount compared to its peers, which may contribute to its attractive valuation despite the recent negative returns.
Broader market context indicates that while Rishi Laser has outperformed its sector today, it has underperformed relative to the benchmark Sensex over the longer term, with a year-to-date return of -1.26% compared to the Sensex's +6.79%. The stock's performance over three years is notably strong at +829.49%, indicating a significant long-term growth trajectory. However, the recent decline in investor participation, as evidenced by a 16.64% drop in delivery volume, suggests a potential lack of confidence among investors, which could be impacting the stock's price movements in the short term.