Why is Ritco Logistics falling/rising?

As of 05-Jun, Ritco Logistics Ltd is experiencing a price increase, currently at Rs 296.30, which reflects a rise of 6.2 or 2.14%. The stock has shown a positive performance today, outperforming its sector by 1.71%, and has been on a consecutive gain for the last two days, accumulating a total return of 4.7% during this period. It opened with a gain of 2.09% and reached an intraday high of Rs 297. The stock's performance over the past week shows a return of +0.83%, while its one-month return stands at +18.24%. Despite this recent upward trend, there has been a decline in investor participation, with delivery volume falling by 14.98% compared to the five-day average. The company has demonstrated strong long-term growth, with net sales and operating profit increasing significantly, and it has reported positive results for the last eight consecutive quarters, contributing to its favorable valuation compared to peers.
In the broader market context, Ritco Logistics has outperformed the benchmark, with a one-year return of 32.60% compared to the BSE 500's return of 8.09%. This strong performance highlights the company's ability to generate substantial returns relative to the market, particularly in the last year where its profits have risen by 38.5%. The stock's recent gains can be attributed to its healthy financial metrics and attractive valuation, despite the recent drop in trading volume, indicating that investor sentiment remains positive overall.