Why is Ritesh Intl. falling/rising?

As of 01-Jul, Ritesh International Ltd's stock is currently priced at 38.44, reflecting an increase of 0.94, or 2.51%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.75%. However, it has underperformed in the short term, with a 1-week decline of 3.17% and a 1-month decline of 6.24%. Despite these short-term challenges, the company has demonstrated strong long-term growth, with an annual operating profit growth rate of 40.83% and a net profit increase of 121.98%. The stock's attractive valuation, trading at a discount compared to peers, and consistent positive quarterly results contribute to its recent upward movement.
In the broader market context, while Ritesh International Ltd has outperformed its sector by 3.79% today, it has lagged behind the benchmark Sensex, which has risen by 2.00% over the past week. The stock's year-to-date performance remains strong, with a return of 25.09%, significantly higher than the Sensex's 7.11%. However, the falling investor participation, indicated by a 37.44% drop in delivery volume, suggests a potential concern for future trading activity. Overall, while the stock is experiencing a positive price movement today, its recent underperformance in the short term compared to the benchmark and declining trading volume may pose challenges ahead.