Why is Ritco Logistics falling/rising?

As of 24-Sep, Ritco Logistics Ltd is experiencing a decline in its stock price, currently at Rs 261.40, which represents a decrease of 8.6 points or 3.19%. The stock has underperformed its sector by 1.65% today and has been on a consecutive downward trend for the last three days, accumulating a total drop of 4.69% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Over the past year, Ritco has generated a return of -18.90%, while its profits have increased by 40.4%, suggesting a disconnect between stock performance and underlying financial health. However, the stock's low trading volume and falling investor participation, with a significant drop in delivery volume, further contribute to its negative price movement.
In the broader market context, Ritco's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.61% compared to the Sensex's -1.18%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation or business prospects. Despite healthy long-term growth metrics, such as a 25.83% annual increase in net sales and an attractive valuation, the stock's recent flat results and declining ROCE have raised concerns among investors. Overall, the combination of negative sentiment, poor short-term performance, and lack of institutional support has led to the stock's current decline.