Why is Rama Paper Mills falling/rising?

As of 01-Sep, Rama Paper Mills Ltd is experiencing a decline in its stock price, currently at Rs. 11.45, which reflects a decrease of 0.55 or 4.58%. The stock has hit a new 52-week low today and has underperformed its sector by 5.87%. Over the past week, the stock has fallen by 13.45%, and it has been on a consecutive downward trend for the last two days, resulting in an overall decline of 8.91%. The company has not declared results in the last six months, and its long-term fundamentals appear weak, with net sales decreasing at an annual rate of 27.07% and a significant drop in operating profit. Additionally, the stock is trading below all key moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation with delivery volume falling by 38.95% against the five-day average.
In the broader market context, the stock's performance has been significantly worse than the benchmark, with a year-to-date decline of 30.01% compared to a 2.85% increase in the Sensex. Over the last three years, Rama Paper Mills has consistently underperformed against the benchmark, generating returns of -52.98% while the Sensex has risen by 36.75%. The company's high debt levels and negative EBITDA further contribute to its risky profile, making it less attractive to investors. Overall, the combination of poor financial performance, weak investor sentiment, and a lack of positive catalysts has led to the stock's current downward trajectory.