Why is Rajasthan Gases falling/rising?

As of 22-Aug, Rajasthan Gases Ltd is experiencing a decline in its stock price, currently at 38.77, reflecting a decrease of 0.83, or 2.1%. The stock has underperformed its sector by 1.65% today and has been on a downward trend for the past two days, with a total decline of 5.44% over the last month. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant growth in net profit of 1332.84% and positive results over the last three quarters, the stock's valuation appears expensive with a Price to Book Value of 8.3, contributing to investor concerns. Over the past year, the stock has generated a return of -4.03%, while profits have remained stagnant, indicating potential issues with profitability. In the broader market context, Rajasthan Gases has shown a short-term return of +2.03% over the past week, which is significantly better than the Sensex's return of +0.88%. However, the stock's longer-term performance is concerning, with a year-to-date decline of 40.06% compared to the Sensex's increase of 4.05%. This stark contrast suggests that while there may be some short-term investor interest, the overall sentiment towards Rajasthan Gases remains negative, particularly in light of its recent price movements and valuation concerns.