Why is Ultracab India falling/rising?

As of 03-Sep, Ultracab (India) Ltd is currently priced at 9.60, reflecting a slight increase of 0.03 or 0.31%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this uptick, Ultracab is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past week, the stock has underperformed with a return of -2.04%, and it has significantly lagged behind the benchmark Sensex over the past year with a return of -42.82%. However, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 31.42%, and it has an attractive valuation with a return on capital employed (ROCE) of 16.7.
In the broader market context, Ultracab's recent performance contrasts with the Sensex, which has only declined by 0.27% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with flat results in June 2025, raises concerns among investors. While the stock has seen a rise in investor participation, as evidenced by a 28.03% increase in delivery volume, the overall sentiment remains cautious due to its historical underperformance and the lowest operating profit margins reported. Thus, despite some positive indicators, the stock's long-term trajectory and recent results suggest a challenging environment for Ultracab (India) Ltd.