Why is Sindhu Trade falling/rising?

As of 18-Sep, Sindhu Trade Links Ltd's stock price is currently at Rs 29.81, reflecting a decrease of Rs 1.29 or 4.15%. Today's performance indicates that the stock has underperformed its sector by 3.85%, following a trend reversal after two consecutive days of gains. The stock opened with a gain of 2.12% but experienced significant volatility, trading within a wide range of Rs 3.89, with a day's high of Rs 32.84 and a low of Rs 28.95. Despite a strong year-to-date return of 36.12% and a one-year return of 25.94%, the company's profits have fallen by 39%, which may be contributing to the current decline in stock price. Additionally, while the stock is trading at a discount compared to its peers, the weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 2.46%, raises concerns among investors.
In the broader market context, the stock has significantly outperformed the benchmark BSE500, which has generated negative returns of 1.96% over the past year. However, the recent decline in Sindhu Trade's stock price amidst its strong historical performance may reflect investor caution due to the recent drop in profits and the company's low cash reserves. The increase in institutional investor participation, which has risen by 2.1% over the previous quarter, suggests a potential for recovery, but the current volatility and negative earnings reports may be overshadowing this positive trend. Overall, while the stock has shown strong returns in the past, the recent performance and fundamental weaknesses are likely influencing its current downward movement.