Why is Ritesh Intl. falling/rising?

As of 29-Jul, Ritesh International Ltd's stock price is currently at 35.00, reflecting a decrease of 0.3, or 0.85%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.37% during this period. In the past week, the stock has decreased by 7.28%, while over the last month, it has dropped by 6.44%. Despite these short-term declines, the stock has shown strong long-term growth, with a year-to-date increase of 13.90% and a remarkable 29.63% rise over the past year. The company has reported positive financial results consistently, including a significant net profit growth of 121.98% and a healthy operating profit growth rate of 40.83%. However, the stock is currently trading below its shorter-term moving averages, which may contribute to the recent price decline.
In the broader market context, Ritesh International Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of only 1.03% over the past week and 3.24% over the past month. This indicates that the stock is underperforming relative to the market. Despite the negative short-term trends, the stock has outperformed the broader market over the past year, generating a return of 29.63% compared to the Sensex's near flat performance. The liquidity of the stock appears adequate, with a notable increase in delivery volume, suggesting rising investor participation, which may provide some support for the stock in the longer term.