Why is Vidhi Specialty falling/rising?

As of 06-Oct, Vidhi Specialty Food Ingredients Ltd is experiencing a decline in its stock price, currently at Rs 347.25, which reflects a decrease of Rs 15.75 or 4.34%. The stock has underperformed today, with a performance that is 3.74% lower than its sector. It touched an intraday low of Rs 344.4, indicating a drop of 5.12%. Over the past week, the stock has decreased by 2.06%, and it has shown a significant decline of 34.23% year-to-date. Despite the company reporting positive results in the last three quarters, including a 22.57% growth in net sales and a 29.95% increase in profit after tax, concerns about poor long-term growth and high valuation metrics have contributed to the stock's downward trend.
In the broader market context, while the Sensex has increased by 1.77% over the past week, Vidhi Specialty's performance has lagged significantly. The stock's returns over the past year are down by 29.52%, contrasting sharply with the Sensex's modest gain of 0.12% during the same period. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's price and business outlook. This combination of poor short-term performance, high valuation concerns, and minimal investor participation has led to the stock's decline amidst a generally positive market environment.