Why is Rajdarshan Inds falling/rising?

As of 19-Jun, Rajdarshan Industries Ltd is experiencing a decline in its stock price, currently at Rs 43.06, which reflects a decrease of 2.25 (-4.97%). The stock has been underperforming, having fallen consecutively for the last three days, resulting in an overall drop of 8.77% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a significant decline of 12.64%, while its year-to-date performance has dropped by 21.21%. The company is also facing operational challenges, with negative EBITDA and weak long-term fundamental strength, as indicated by poor growth in net sales and operating profit, alongside a concerning EBIT to interest ratio of -0.27.
In the broader market context, Rajdarshan Industries Ltd's recent performance contrasts sharply with the Sensex, which has only decreased by 0.40% over the same week. This underperformance highlights the stock's struggles relative to the market. The company's liquidity appears to be a concern, with a significant drop in delivery volume, indicating reduced investor participation. Furthermore, the negative results reported in March, including the lowest ROCE and cash equivalents, contribute to the perception of the stock as a risky investment, further exacerbating its decline.