Why is Rajasthan Gases falling/rising?

As of 17-Sep, Rajasthan Gases Ltd is currently priced at 36.90, reflecting a decrease of 1.09 or 2.87%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 2.89% in this period. Although it opened with a gain of 2.63% today and reached an intraday high of Rs 38.99, it also touched a low of Rs 36.51, indicating volatility. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. 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 7.9, contributing to its recent price decline. In the broader market context, Rajasthan Gases has underperformed compared to the Sensex, with a 1-week return of -3.66% against the benchmark's +1.56%. Over the last month, the stock has also declined by 2.89%, while the Sensex has gained 2.60%. This underperformance is further highlighted by the stock's year-to-date decline of 42.95%, contrasting sharply with the Sensex's positive return of 5.83%. The stock's recent struggles, combined with its long-term negative performance relative to the BSE500, indicate a challenging environment for investors, despite some positive financial indicators.