Why is Ritesh Intl. falling/rising?

As of 03-Jul, Ritesh International Ltd is experiencing a decline in its stock price, currently at 37.89, reflecting a decrease of 0.81 or 2.09%. The stock has underperformed its sector today by 2.06% and has fallen after three consecutive days of gains. In terms of returns, the stock has shown a negative performance over the past week and month, with declines of 2.32% and 7.59%, respectively. However, it has performed well year-to-date with a return of 23.30% and a significant increase of 38.84% over the past year. The company has demonstrated healthy long-term growth, with an annual operating profit growth rate of 40.83% and a net profit increase of 121.98%, which has contributed to its positive results over the last four quarters.
In the broader market context, Ritesh International Ltd's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a slight decline of 0.62% over the past week while the stock itself has dropped more significantly. Despite the current downturn, the stock has shown strong long-term performance, significantly outperforming the market over the past year. The stock's attractive valuation, trading at a discount compared to peers, and the rising investor participation indicate potential for recovery, although the recent price movement suggests caution among investors in the short term.