Why is Rama Paper Mills falling/rising?

As of 01-Jul, Rama Paper Mills Ltd is experiencing a decline in its stock price, currently at 13.78, reflecting a decrease of 0.72 or 4.97%. The stock has underperformed its sector by 6.18% today, and while it has shown a slight increase of 2.15% over the past week, it has significantly lagged behind with a year-to-date decline of 15.77%. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the stock's performance has been hindered by a substantial drop in investor participation, with delivery volume falling by 93.52% against the five-day average. The company also faces negative financial indicators, including a 63% decline in net sales and a staggering 282.2% fall in profit after tax in the most recent quarter.
In the broader market context, while the Sensex has shown a positive return of 2.00% over the past week and 7.11% year-to-date, Rama Paper Mills has consistently underperformed against this benchmark, particularly over the last three years, where it has generated a return of -30.23% compared to the Sensex's 58.19%. This consistent underperformance, coupled with high debt levels and negative EBITDA, contributes to the stock's perception as a risky investment. The overall market conditions appear to be favorable, yet the company's weak financial performance and lack of transparency have led to a decline in investor confidence, resulting in the current downward movement of the stock price.