Why is Tiger Logistics falling/rising?

As of 24-Jul, Tiger Logistics (India) Ltd's stock price is currently at Rs 48.40, reflecting a decline of 1.81 (-3.6%). The stock has been underperforming, having fallen for the last six consecutive days, resulting in a total decline of 11.57% during this period. It has also underperformed its sector by 3.28% today. The stock is trading below all its moving averages, indicating a bearish trend. Despite a strong financial performance with a 59.8% growth in net profit and positive results over the last four quarters, the stock's year-to-date return is down by 30.97%, contrasting sharply with its impressive one-year return of 38.68%. The recent increase in delivery volume suggests rising investor participation, but the overall negative price movement indicates prevailing selling pressure.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with a one-week return of -11.31% compared to a mere -0.09% for the Sensex. This stark contrast highlights the stock's struggles relative to the market. While institutional investors have increased their stake, indicating confidence in the company's fundamentals, the stock's recent price action suggests that broader market sentiment may be weighing heavily on it. The combination of declining short-term performance, underwhelming sector performance, and a significant drop in price over the past weeks has contributed to the stock's current downward trajectory.