Why is Rajnandini Metal falling/rising?

As of 01-Sep, Rajnandini Metal Ltd is currently priced at 4.40, showing no change (0.00%). The stock has underperformed its sector by 2.52% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 2.44%, and it has experienced significant losses over the past month and year, with returns of -7.76% and -64.23%, respectively. The company has reported negative results for the last six consecutive quarters, with a drastic fall in net sales of 64.57% and a high Debt to EBITDA ratio of 4.78 times, indicating a low ability to service debt. These factors contribute to the stock's recent downward movement.
In the broader market context, Rajnandini Metal's performance has been notably weaker compared to the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has shown a slight gain of 0.24% over the past month, Rajnandini Metal has faced a decline of 7.76% in the same period. This consistent underperformance, coupled with the company's poor financial health and negative operating profits, has led to a lack of investor confidence, further exacerbating the stock's decline.