Why is Rajapalayam Mill falling/rising?

As of 15-Jul, Rajapalayam Mills Ltd is experiencing a decline in its stock price, currently at Rs 970.00, which represents a decrease of -1.0 or -0.1%. The stock has underperformed its sector by -1.44% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of -2.41%. It opened with a loss of -2.99% and reached an intraday low of Rs 942. The stock's performance over the past week shows no change, while it has gained +3.99% over the past month. However, its year-to-date performance is down -13.77%, and over the last year, it has fallen -7.35%. The company's weak long-term fundamentals, highlighted by a -215.55% CAGR growth in operating profits over the last five years and a low return on equity of 3.51%, contribute to its current struggles. Additionally, the significant drop in delivery volume by -82.47% against the 5-day average indicates falling investor participation, further pressuring the stock price.
In the broader market context, the Sensex has declined by -1.36% over the past week, while Rajapalayam Mills has remained flat, indicating that the stock's performance is not entirely aligned with the market trend. Despite a slight gain of +3.99% over the past month, the stock's year-to-date performance is significantly worse than the Sensex's +5.67%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business prospects, further exacerbating the stock's downward trajectory. Overall, the combination of weak financial performance, declining investor interest, and poor market sentiment contributes to the stock's current decline.