Why is Ultracab India falling/rising?

As of 22-Sep, Ultracab (India) Ltd's stock price is currently at 9.71, reflecting a decrease of 0.12 or 1.22%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.02%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past month shows a decline of 0.82%, and it has significantly underperformed the benchmark Sensex, which has gained 1.05% in the same period. Despite a healthy long-term growth rate in net sales of 31.42% and an attractive valuation with a ROCE of 13.7, the stock's recent performance has been marred by flat quarterly results and consistent underperformance against the benchmark over the last three years.
In the broader market context, Ultracab's short-term performance has not matched the benchmark, as it has generated a return of -41.62% over the past year while the Sensex has only declined by 2.82%. This stark contrast highlights the stock's struggles relative to the market. The falling investor participation, evidenced by a 16.43% drop in delivery volume against the 5-day average, further exacerbates the stock's challenges. The majority of shareholders being non-institutional may also contribute to the stock's volatility and lack of confidence among investors, leading to its current downward trajectory.