Why is Ritesh Intl. falling/rising?

As of 09-Jul, Ritesh International Ltd is experiencing a decline in its stock price, currently at 36.78, which reflects a decrease of 0.26 or 0.7%. The stock has underperformed its sector by 0.68% today and has been on a downward trend for the last three days, accumulating a total loss of 3.46% during this period. Additionally, the stock has shown negative returns over the past week and month, with declines of 4.96% and 8.51%, respectively. Despite a strong performance year-to-date with a return of 19.69% and a significant 32.06% increase over the past year, the recent price movement is concerning. The stock is currently trading below its 5-day, 20-day, and 50-day moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 74.28% compared to the 5-day average.
In the broader market context, Ritesh International's recent performance contrasts with the benchmark Sensex, which has shown a slight increase of 0.15% over the past week. While the company has demonstrated healthy long-term growth, including a 121.98% increase in net profit and positive results for the last four consecutive quarters, the current market sentiment appears to be affecting its stock price negatively. The stock's attractive valuation and strong operating profit margins suggest potential for recovery, but the recent underperformance and declining investor interest may be contributing to the current downward trend.