Why is Rama Steel Tubes falling/rising?

As of 04-Aug, Rama Steel Tubes Ltd is currently priced at 11.05, reflecting an increase of 0.23 or 2.13%. The stock has recently gained after three consecutive days of decline, although it is still trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this uptick, the stock has underperformed its sector by 0.72%. Over the past week, it has seen a slight decline of 0.54%, and its year-to-date performance shows a drop of 8.30%. The company has faced challenges, including negative results for the last five consecutive quarters, with a significant decrease in profits and a low return on capital employed, which may contribute to investor caution.
In the broader market context, the Sensex has shown a positive return of 0.16% over the past week, contrasting with Rama Steel Tubes' short-term performance. The steel sector, in which the company operates, has gained by 2.9%, indicating a favorable environment for the industry overall. However, the falling investor participation, as evidenced by a 20.43% drop in delivery volume, suggests a lack of confidence in the stock. Additionally, the absence of domestic mutual fund investment may indicate that institutional investors are wary of the company's valuation and performance, further impacting its stock price movement.