Why is Raj Oil Mills falling/rising?

As of 01-Aug, Raj Oil Mills Ltd is experiencing a decline in its stock price, currently at 50.26, which reflects a decrease of 0.48 or 0.95%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.93%. In terms of returns, the stock has shown a negative performance of 3.07% over the past week and 10.44% over the past month, while it has also underperformed against the benchmark Sensex in the last year and three years. Despite declaring positive results for the last three consecutive quarters, including a higher profit after tax and operating profit, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
Broader market context indicates that while the stock has outperformed its sector by 0.27% today, it still lags behind the broader market trends, as evidenced by its negative year-to-date return of 3.35% compared to the Sensex's positive return of 3.15%. The stock's liquidity appears to be declining, with a significant drop in delivery volume, which may further impact investor confidence. Overall, the combination of consistent underperformance against benchmarks, high debt, and a negative book value suggests that the stock is viewed as risky, contributing to its recent price decline.