Why is Rajasthan Gases falling/rising?

As of 13-Aug, Rajasthan Gases Ltd is experiencing a slight decline in its stock price, currently at 38.79, with a change of -0.01 (-0.03%). The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of -2.54%. Despite a positive performance over the past week with a return of +9.67%, the stock's longer-term performance shows a significant drop of -40.03% year-to-date. Additionally, the stock's delivery volume has decreased sharply by -64.63% compared to the five-day average, indicating falling investor participation. While the company reported positive results in March, including a higher PAT and ROCE, it also faces challenges with a high Price to Book Value and a decline in profits over the past year, contributing to its current downward trend.
In the broader market context, Rajasthan Gases' short-term performance has outpaced the benchmark Sensex, which has remained flat at -0.01% over the same week. However, the stock's year-to-date performance is significantly worse than the Sensex's gain of +3.07%, highlighting a stark contrast in overall market conditions. The stock's liquidity appears adequate for trading, but the combination of declining investor interest and high valuation metrics suggests a cautious outlook for potential investors.