Why is Rites falling/rising?

As of 23-Sep, Rites Ltd. is experiencing a decline in its stock price, currently at 260.50, reflecting a decrease of 4.1 points or 1.55%. The stock has underperformed its sector today by 0.29% and has been on a downward trend for the last two days, accumulating a total loss of 4.39%. Over the past week, the stock has dropped by 5.34%, while its performance over the last month shows a slight increase of 1.66%. Despite having a high management efficiency indicated by a return on equity (ROE) of 18.33% and a low debt-to-equity ratio, the company faces challenges with poor long-term growth, as evidenced by a decline in net sales and operating profit over the past five years. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, Rites Ltd.'s performance has been significantly weaker than the benchmark, with a one-year return of -28.36% compared to the Sensex's decline of only 3.33%. This stark contrast highlights the stock's struggles, particularly as the market (BSE500) has also generated negative returns of -4.69% over the same period. The recent drop in investor participation, with a 6.87% decrease in delivery volume, further indicates waning interest in the stock, contributing to its current price decline. Overall, the combination of poor financial performance, high valuation relative to peers, and declining investor engagement are key factors driving the stock's downward movement.