Why is Rajesh Exports falling/rising?

As of 23-Jul, Rajesh Exports Ltd. is currently priced at 198.70, reflecting a decrease of 0.9, or 0.45%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 3.85% over that period. Additionally, the stock's performance over the past year shows a significant drop of 37.19%, indicating consistent underperformance against the benchmark. The company has a low Debt to Equity ratio and high institutional holdings at 25.82%, which typically suggests some level of confidence among institutional investors. However, the negative factors, such as a drastic decline in operating profit and a concerning return on capital employed (ROCE), contribute to the stock's downward trend, highlighting its risky nature and poor long-term growth prospects.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has seen a slight increase of 0.11% over the past week. While Rajesh Exports has experienced a 3.85% decline in the same timeframe, the benchmark's positive return indicates that the stock is lagging behind the overall market. This underperformance is further emphasized by the company's flat results and negative operating profits, which have led to a lack of investor participation, as evidenced by a 13.83% drop in delivery volume compared to the five-day average. Overall, the combination of poor financial performance and a lack of investor confidence is driving the stock's decline.