Why is Rajapalayam Mill falling/rising?

As of 08-Jul, Rajapalayam Mills Ltd is experiencing a decline in its stock price, currently at Rs 970.00, reflecting a decrease of Rs 28.75 or 2.88%. Today's price summary indicates that the stock has underperformed its sector by 4.71% and has fallen after three consecutive days of gains, touching an intraday low of Rs 951.6. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock's long-term fundamentals are weak, with a staggering -215.55% CAGR growth in operating profits over the last five years. Furthermore, the company has reported negative operating profits, low profitability per unit of shareholders' funds, and a significant drop in profit before tax and profit after tax in its latest results, contributing to investor concerns.
In the broader market context, Rajapalayam Mills has shown a 1.90% increase over the past week, while the benchmark Sensex has only risen by 0.02%, indicating a stronger short-term performance relative to the market. However, the year-to-date performance reveals a stark contrast, with the stock down 13.77% compared to the Sensex's gain of 7.13%. The lack of domestic mutual fund investment, which stands at 0%, further suggests a lack of confidence in the company's prospects, potentially influencing the stock's current downward trend.