Why is Raj Rayon Inds. falling/rising?

As of 24-Jun, Raj Rayon Industries Ltd is experiencing a decline in its stock price, currently at 26.86, which reflects a decrease of 0.54 or 1.97%. The stock has been underperforming, having lost 15.11% over the last eight days, and it has underperformed its sector by 3.01% today. Despite having positive financial results in March 2025, including a significant growth in profit before tax and operating profit to interest ratios, the stock's recent performance has been overshadowed by a notable drop in investor participation, with delivery volume decreasing by 38.46% compared to the five-day average. Additionally, while the stock has shown impressive long-term returns, such as a 27.48% increase over the past year, the current short-term trend is negative.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined by 9.53% over the past week while the Sensex has gained 0.58%. This divergence indicates that Raj Rayon Industries Ltd is not only struggling in the short term but is also failing to keep pace with the overall market. The stock's liquidity remains adequate for trading, but the falling investor interest suggests a lack of confidence in the stock's immediate prospects, contributing to its downward trajectory.