Why is Tiger Logistics falling/rising?

As of 23-Jul, Tiger Logistics (India) Ltd is experiencing a decline in its stock price, currently at Rs 50.21, which reflects a decrease of Rs 1.63 or 3.14%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in an overall decline of 8.26% over that period. Although the stock opened today with a gain of 2.08% and reached an intraday high of Rs 52.92, it also hit a low of Rs 49.16, indicating significant volatility. The stock is trading below its moving averages across multiple time frames, and there has been a notable drop in investor participation, with delivery volume decreasing by 26.05% compared to the five-day average. Despite a strong financial performance in recent quarters, including a 59.8% growth in net profit, the stock's recent price movements suggest a struggle to maintain upward momentum.
In the broader market context, Tiger Logistics has underperformed against the benchmark, with a one-week return of -8.26% compared to a slight gain of 0.11% for the Sensex. Over the past month, the stock has also declined by 10.47%, while the benchmark has risen by 1.01%. Despite a strong annual return of 47.72%, which outpaces the market's 5.87% gain year-to-date, the recent performance indicates a disconnect between the company's solid financial results and market sentiment. The stock's premium valuation relative to peers and its low debt-to-EBITDA ratio suggest potential for recovery, but current trends indicate that investor confidence is wavering, contributing to the recent price decline.