Why is Vidhi Specialty falling/rising?

As of 23-Sep, Vidhi Specialty Food Ingredients Ltd is experiencing a decline in its stock price, currently at 372.75, which reflects a decrease of 5.6 points or 1.48%. The stock has underperformed its sector by 1.5% today and has fallen after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.86%, while it has shown a modest increase of 1.29% over the past month. Despite positive financial results in the last three quarters, including a 22.57% growth in net sales and a 29.95% increase in profit after tax, the stock's long-term growth prospects appear weak, with a 12.70% annual growth rate in net sales over the last five years. Additionally, the company's valuation is considered expensive relative to its return on capital employed, and domestic mutual funds hold no stake in the company, which may reflect a lack of confidence in its current valuation.
Broader market context indicates that Vidhi Specialty has consistently underperformed against the benchmark, with a return of -16.40% over the past year compared to a -3.33% decline in the Sensex. This underperformance is further highlighted by the stock's negative returns over the last three years, where it has lagged behind the broader market significantly. While there has been a notable increase in investor participation, as evidenced by a 1357.98% rise in delivery volume, the overall sentiment remains cautious due to the company's inconsistent long-term performance and the lack of institutional investment.