Why is Raj Rayon Inds. falling/rising?

As of 19-Sep, Raj Rayon Industries Ltd is currently priced at 27.28, reflecting a decrease of 0.27, or 0.98%. The stock has been underperforming its sector, with a decline of 1.18% today and has experienced a consecutive fall over the last two days, totaling a drop of 2.4%. Despite this recent downturn, the stock has shown positive performance over the past week, gaining 3.33%, and has outperformed the benchmark Sensex over the last month and year-to-date, with returns of 4.92% and 17.18%, respectively. The company has reported positive results for the last three consecutive quarters, with significant growth in profit before tax, profit after tax, and net sales compared to previous averages. However, concerns regarding weak long-term fundamental strength, highlighted by a low return on capital employed and a high debt-to-EBITDA ratio, may be contributing to the stock's current decline.
In the broader market context, while Raj Rayon Industries has outperformed the BSE500 index over the past year, generating a return of 9.16% compared to the index's negative return of 1.96%, the stock's recent performance indicates a shift in investor sentiment. The stock's liquidity remains adequate, with a notable increase in delivery volume, suggesting some investor interest despite the recent price drop. However, the lack of domestic mutual fund investment may signal caution among institutional investors, potentially impacting the stock's ability to recover from its current decline.