Why is Ritesh Intl. falling/rising?

As of 30-Jul, Ritesh International Ltd's stock price is currently at Rs 33.41, reflecting a decline of Rs 1.59 or 4.54%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total drop of 7.76% during this period. Today's trading saw the stock reach an intraday high of Rs 35.98 but ultimately closed lower, indicating a significant drop in investor participation, with delivery volume decreasing by 79.21% compared to the five-day average. Despite a strong long-term growth outlook, including a 121.98% increase in net profit and consistent positive quarterly results, the recent price movement suggests that short-term pressures are outweighing these positive factors.
In the broader market context, Ritesh International Ltd has underperformed relative to the benchmark, with a one-week return of -7.99% compared to the Sensex's -1.50%. While the stock has shown a year-to-date gain of 8.72% and a one-year return of 21.93%, the recent declines highlight a disconnect between its long-term performance and current market sentiment. The overall market has also been experiencing negative returns, which may be contributing to the stock's downward pressure.