Why is Rajnish Wellness falling/rising?

As of 02-Sep, Rajnish Wellness Ltd's stock price is currently at 1.03, reflecting a decrease of 0.07 or 6.36%. The stock has underperformed its sector today by 7.84%, and while it is higher than the 20-day, 50-day, and 100-day moving averages, it is lower than the 5-day and 200-day moving averages. The stock has shown a significant decline over the past year, with a return of -75.76%, and has also seen a drop in investor participation, with delivery volume falling by 22.76% against the 5-day average. The company's fundamentals are weak, evidenced by a low return on equity (ROE) of 0.55% and a negative EBIT to Interest ratio of -0.91, alongside three consecutive quarters of negative results and a substantial decline in net sales.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, as it has fallen by 75.76% over the past year while the BSE500 index has only declined by 4.82%. This stark contrast highlights the company's struggles, particularly with its weak long-term growth and ability to service debt. Despite trading at a discount compared to its peers, the stock's valuation remains expensive given its low ROE and significant profit declines. Overall, the combination of poor financial performance, declining investor interest, and underperformance relative to the market contributes to the stock's current downward trajectory.