Why is Rajesh Exports falling/rising?

As of 14-Aug, Rajesh Exports Ltd. is experiencing a decline in its stock price, currently at Rs 176.35, reflecting a decrease of Rs 3.05 or 1.7%. The stock has underperformed its sector by 2.18% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 175, indicating a drop of 2.45%. Over the past week, the stock has returned -2.57%, and its performance over the last month has been significantly worse at -12.83%. Additionally, the company has shown poor long-term growth, with operating profit declining at an annual rate of -37.28% over the last five years, and its profits have fallen by -71.8% over the past year. Despite having a low debt-to-equity ratio and high institutional holdings, these factors have not been enough to offset the negative sentiment surrounding the stock.
In the broader market context, the Sensex has remained relatively stable with a negligible change of -0.03% over the past week, contrasting sharply with Rajesh Exports' significant decline. The stock's consistent underperformance against the benchmark over the last three years, coupled with a return of -40.33% in the past year, highlights its struggles compared to the overall market. While the stock is liquid enough for trading, its valuation appears expensive relative to peers, further contributing to investor caution. The combination of poor financial results and a lack of positive momentum in the stock price suggests that market participants are wary, leading to the current downward trend.