Why is Raj Rayon Inds. falling/rising?

As of 28-Oct, Raj Rayon Industries Ltd is experiencing a decline in its stock price, currently at 24.28, reflecting a decrease of 0.36 or 1.46%. The stock has underperformed its sector by 1.76% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.42%. Over the past week, the stock has decreased by 1.14%, and in the last month, it has fallen significantly by 12.50%. Despite positive quarterly results showing substantial growth in profit after tax and net sales, the stock's long-term fundamentals are weak, highlighted by a low return on capital employed and a high debt-to-EBITDA ratio, which raises concerns about its financial stability.
In the broader market context, the Sensex has gained 0.24% over the past week, contrasting with Raj Rayon Industries' negative performance. While the stock has shown a positive year-to-date return of 4.30%, it has lagged behind the benchmark's 8.30% gain. The stock's liquidity appears sufficient for trading, but the lack of domestic mutual fund investment may indicate a lack of confidence in its valuation. Overall, the combination of recent poor performance, weak long-term fundamentals, and underwhelming investor interest contributes to the stock's current downward trajectory.