Why is Rites falling/rising?

As of 04-Sep, Rites Ltd. is experiencing a decline in its stock price, currently at Rs 257.50, which reflects a decrease of Rs 4.7 or 1.79%. The stock has underperformed its sector today by 0.37% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.5%. The stock reached an intraday low of Rs 256.65, and trading volume has decreased significantly, with delivery volume falling by 22.62% compared to the 5-day average. Despite a high dividend yield of 3.77%, the company faces challenges such as poor long-term growth, with net sales declining at an annual rate of -0.45% and operating profit down by -3.06% over the past five years. Additionally, the stock is trading at a premium compared to its peers, which may contribute to its recent price decline.
In the broader market context, Rites Ltd. has shown a short-term return of +5.34% over the past week, which is significantly better than the Sensex's +0.80% return during the same period. However, the stock's year-to-date performance is concerning, with a decline of -11.74% compared to the Sensex's increase of +3.30%. Over the past year, Rites has underperformed the market, generating a return of -20.85% while the broader market (BSE500) fell by only -4.38%. This stark contrast highlights the stock's struggles and may indicate investor sentiment is negatively affected by its declining financial metrics and high valuation relative to its earnings.