Why is Ultracab India falling/rising?

As of 24-Sep, Ultracab (India) Ltd is experiencing a decline in its stock price, currently at 9.57, reflecting a decrease of 0.02 or 0.21%. The stock has been on a downward trend, losing value for the last four consecutive days, resulting in a total decline of 3.43% during this period. Additionally, the stock has underperformed significantly against the benchmark, with a year-to-date return of -41.26% compared to the Sensex's gain of 4.58%. While the company has shown healthy long-term growth with a 31.42% annual increase in net sales, its recent financial performance has been disappointing, highlighted by flat results in June 2025 and the lowest operating profit to net sales ratio at 6.00%.
In the broader market context, Ultracab's short-term performance contrasts sharply with the benchmark, as it has declined by 3.33% over the past week while the Sensex fell only 1.18%. This consistent underperformance over the last three years, coupled with falling investor participation—evidenced by a 37% drop in delivery volume—suggests a lack of confidence among investors. The stock is also trading below its moving averages, indicating a bearish trend. Despite its attractive valuation and profit growth, the persistent negative sentiment and operational challenges have contributed to the stock's decline.