Why is Vidhi Specialty falling/rising?

As of 18-Sep, Vidhi Specialty Food Ingredients Ltd is experiencing a decline in its stock price, currently at 374.40, reflecting a decrease of 1.6 points or 0.43%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 20.56% compared to the 5-day average. Over the past week, the stock has shown a slight increase of 0.09%, but it has underperformed significantly over the last month and year-to-date, with returns of -0.87% and -29.09%, respectively. While the company has reported positive results in recent quarters, including a 22.57% growth in net sales and a 29.95% increase in profit after tax, concerns about its long-term growth prospects and high valuation metrics are weighing on investor sentiment.
In the broader market context, the stock's performance has lagged behind the benchmark Sensex, which has gained 1.80% over the past week and 2.14% over the past month. This consistent underperformance is further highlighted by the stock's negative returns of -15.51% over the past year, contrasting sharply with the Sensex's modest gain of 0.08%. The lack of interest from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation and business prospects. Overall, the combination of poor long-term growth rates, high valuation ratios, and declining investor participation contributes to the stock's downward movement.