Why is Raaj Medisafe falling/rising?

As of 23-Sep, Raaj Medisafe India Ltd's stock price is currently at Rs 64.85, reflecting a decrease of Rs 2.85 or 4.21%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 13.53% during this period. It is also close to its 52-week low, just 1.99% away from Rs 63.56. The stock has shown significant volatility, opening with a loss of 4.95% today and trading below all major moving averages. Despite a notable increase in operating profit and positive results over the last two quarters, the high debt levels and weak long-term fundamentals have contributed to the stock's downward trend.
In the broader market context, Raaj Medisafe's performance has significantly lagged behind the benchmark, with a one-week return of -17.41% compared to the Sensex's -0.34%. Over the past year, while the stock has plummeted by 43.93%, the broader market has only declined by 3.33%. This stark contrast highlights the stock's struggle to attract investor confidence, despite its attractive valuation metrics and recent profit growth. The high debt-to-equity ratio further exacerbates concerns, leading to a lack of support for the stock in a challenging market environment.