Why is Raj Oil Mills falling/rising?

As of 05-Sep, Raj Oil Mills Ltd is currently priced at Rs 47.15, reflecting a decline of Rs 1.4 or 2.88%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.45% during this period. Despite a recent positive performance over the past week with a gain of 4.55%, the stock's year-to-date performance shows a significant decline of 9.33%. The company has reported strong quarterly results with a 7.63% growth in net profit and has achieved its highest net sales and operating profit figures. However, the presence of a negative book value and a high debt-to-equity ratio raises concerns about its long-term fundamental strength, contributing to the stock's recent downward movement.
In the broader market context, while Raj Oil Mills has experienced a short-term gain, it has consistently underperformed against the benchmark, with a year-over-year return of -15.32% compared to a slight decline of 1.81% for the Sensex. The stock's performance today has also lagged behind its sector, underperforming by 6.29%. This consistent underperformance against both the benchmark and the sector, coupled with the company's weak long-term growth prospects, suggests that investor sentiment may be cautious, leading to the stock's current decline.