Why is Race Eco falling/rising?

As of 10-Jul, Race Eco Chain Ltd's stock price is currently at Rs 231.95, reflecting a decline of Rs 1.3 or 0.56%. The stock has been underperforming, having fallen for the last two days with a total drop of 1.7%. It is also close to its 52-week low, just 0.82% away from Rs 230.05. Over the past week, the stock has decreased by 3.13%, and its year-to-date performance shows a significant decline of 39.91%. Despite reporting strong growth in net sales and profits, the company faces challenges such as low management efficiency, a high debt-to-EBITDA ratio, and underperformance compared to its peers, which contribute to the stock's negative movement.
In the broader market context, the Sensex has shown a slight decline of only 0.06% over the past week, indicating that Race Eco's performance is notably worse than the overall market. The stock's poor returns over the past year, at -46.68%, starkly contrast with the Sensex's positive return of 4.09% during the same period. This underperformance, combined with falling investor participation and trading below key moving averages, suggests a lack of confidence among investors, further exacerbating the stock's decline.