Why is Rishi Laser falling/rising?

As of 24-Sep, Rishi Laser Ltd's stock price is currently at 137.50, reflecting a decrease of 1.15, or 0.83%. The stock has been on a downward trend, having fallen for the last two days with a total decline of 2.14%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite this, the stock has outperformed its sector by 0.46% today, and there has been a notable increase in investor participation, with delivery volume rising by 58.21% compared to the 5-day average. Over the past year, Rishi Laser has generated a return of -16.39%, although its profits have increased by 2.2%, suggesting that the stock may be undervalued relative to its peers, as indicated by its attractive valuation metrics.
In the broader market context, Rishi Laser's short-term performance has been weaker than the benchmark, with a 1-week return of -2.17% compared to the Sensex's -1.18%. This underperformance is further highlighted by the stock's year-to-date decline of -6.37%, while the Sensex has gained 4.58% during the same period. The majority of shareholders are non-institutional, which may contribute to the stock's volatility. Overall, while the stock shows some positive indicators such as rising profits and attractive valuation, its recent performance and the broader market trends suggest a challenging environment for Rishi Laser Ltd.