Why is RACL Geartech falling/rising?

As of 15-Jul, RACL Geartech Ltd's stock price is currently at Rs 918.00, reflecting a decline of Rs 20.0 or 2.13%. The stock has underperformed its sector today by 3.79% and has experienced a consecutive fall over the last two days, resulting in a total decrease of 3.17% during this period. The stock touched an intraday low of Rs 907.05, indicating significant selling pressure. Over the past year, RACL Geartech has generated a return of -21.58%, while its profits have decreased by 39.8%. The company has also reported negative results for the last five consecutive quarters, contributing to a low ability to service debt, as evidenced by a high Debt to EBITDA ratio of 2.82 times. Despite trading at a discount compared to its peers, the overall negative financial performance and declining investor participation have adversely impacted the stock's recent movement.
In the broader market context, RACL Geartech's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.55% compared to the Sensex's decline of 1.36%. This underperformance is further highlighted by the stock's negative return of -4.82% over the past month, while the Sensex has gained 1.79%. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest. Overall, the combination of poor financial results, high debt levels, and a lack of confidence from domestic mutual funds indicates a challenging environment for RACL Geartech, contributing to its declining stock price.