Why is Rajnish Retail falling/rising?

As of 31-Jul, Rajnish Retail Ltd is experiencing a decline in its stock price, currently at 6.62, reflecting a decrease of 0.1 or 1.49%. The stock has underperformed its sector by 0.72% today and has been on a downward trend for the past three days, accumulating a total loss of 2.36% in that period. Over the past week, the stock has dropped by 3.64%, and its performance over the last month shows a significant decline of 11.62%. Despite the company reporting positive results for the last four consecutive quarters and a healthy growth rate in net sales, the stock's valuation appears expensive with a low return on equity of 1.4 and a price-to-book value of 1.4. Additionally, the stock is trading below all key moving averages, indicating a bearish trend.
In the broader market context, Rajnish Retail has significantly underperformed compared to the benchmark, with a one-year return of -53.10% against the BSE500's decline of only -3.20%. This stark contrast highlights the stock's struggles despite the overall market conditions. The falling investor participation, evidenced by a 30.62% drop in delivery volume, further exacerbates the stock's challenges. While the company has shown strong long-term growth and a low debt-to-equity ratio, the recent performance and valuation concerns have led to a negative sentiment among investors, contributing to the stock's current decline.