Why is Rain Industries falling/rising?

As of 11-Sep, Rain Industries Ltd's stock price is currently at 138.30, reflecting a decrease of 1.4 points or 1.0%. The stock has shown mixed performance recently, with a 1-week return of +2.22%, but it has significantly underperformed over the past month and year, with returns of -12.52% and -19.76%, respectively. Today's price summary indicates that the stock has underperformed its sector by 1.4%, although it is trading higher than its 5-day moving average. Notably, there has been a rise in investor participation, with delivery volume increasing by 31.99% compared to the 5-day average. Positive factors include strong quarterly results, with a 143.7% growth in PAT and the highest net sales recorded, alongside an attractive valuation compared to peers. However, the stock's long-term fundamentals are weak, evidenced by a negative CAGR growth in operating profits and a high debt to EBITDA ratio, which may contribute to the current price decline.
In the broader market context, Rain Industries has underperformed the benchmark, the Sensex, which has gained 1.03% over the past week while the stock has risen only 2.22%. This consistent underperformance over the last three years, coupled with a significant drop in returns compared to the benchmark, highlights the challenges the company faces in attracting investor confidence. While institutional investors have increased their stake, indicating some level of confidence in the company's fundamentals, the overall sentiment remains cautious due to the company's high debt levels and low profitability metrics.