Why is Rain Industries falling/rising?

As of 19-Nov, Rain Industries Ltd is experiencing a decline in its stock price, currently at Rs. 113.15, which reflects a decrease of Rs. 1.95 or 1.69%. The stock has hit a new 52-week low of Rs. 112.4 today and has been on a downward trend, losing 3.37% over the last two days. Additionally, it has underperformed significantly against the benchmark, with a 1-week return of -7.29% compared to the Sensex's gain of +0.85%. The stock is trading below all key moving averages, indicating a bearish trend. Despite reporting strong quarterly results with a substantial increase in profit before tax and net sales, the stock's long-term fundamentals are weak, characterized by a low return on capital employed and poor growth rates in net sales and operating profit over the past five years.
In the broader market context, Rain Industries has consistently underperformed against the benchmark indices, with a year-to-date return of -33.05% compared to the Sensex's +9.02%. The decline in investor participation, particularly from institutional investors who have reduced their stake, further exacerbates the stock's downward pressure. This lack of confidence among institutional investors, who typically have more resources to analyze company fundamentals, suggests a negative outlook for the stock. Overall, while there are some positive short-term financial results, the persistent underperformance and weak long-term growth prospects contribute to the stock's current decline.