Why is Rajesh Exports falling/rising?

As of 25-Sep, Rajesh Exports Ltd. is currently priced at 188.85, reflecting a decrease of 2.3, or 1.2%. The stock has been on a downward trend, losing value for the past six consecutive days, resulting in a total decline of 7.65% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, investor participation has diminished significantly, with delivery volume dropping by 66.14% compared to the 5-day average. Despite some positive financial indicators, such as a substantial growth in net sales and profit after tax, the company faces challenges due to poor long-term growth, as evidenced by a -35.35% annual decline in operating profit over the last five years and a high valuation compared to peers.
In the broader market context, Rajesh Exports has underperformed against the benchmark, with a 1-week return of -7.52% compared to the Sensex's -2.23%. Over the past year, the stock has generated a return of -34.52%, while the benchmark has only declined by 4.71%. This consistent underperformance over the last three years, coupled with a very expensive valuation and a low return on equity, suggests that investor confidence is waning. The stock's recent price movement reflects these underlying issues, as it struggles to attract investor interest amidst a backdrop of declining performance relative to the market.