Why is Rain Industries falling/rising?

As of 22-Sep, Rain Industries Ltd's stock price is currently at 138.00, reflecting a decrease of -0.25, or -0.18%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a total decline of -1.08% during this period. In terms of performance against benchmarks, Rain Industries has underperformed significantly, with a -21.23% return over the past year compared to a -2.82% return for the Sensex. While the company reported positive results in June, including the highest operating profit to interest ratio and net sales, it also faces challenges such as weak long-term fundamental strength and a high debt to EBITDA ratio, which contribute to its recent price decline.
In the broader market context, Rain Industries' short-term performance has been flat, with a 0.00% return over the past week, while the Sensex has gained +0.46%. This indicates that the stock is not keeping pace with the overall market. Additionally, the carbon black sector, in which Rain operates, has seen a decline of -2.02%, further impacting investor sentiment. Despite some positive indicators, such as increased institutional investor participation and attractive valuations compared to peers, the company's consistent underperformance against benchmarks over the last three years raises concerns among investors, contributing to the stock's current downward movement.