Why is Rama Steel Tubes falling/rising?

As of 14-Aug, Rama Steel Tubes Ltd is experiencing a decline in its stock price, currently at 10.54, reflecting a decrease of 0.03 or 0.28%. The stock has been underperforming recently, with a consecutive fall over the last three days and a total decline of 2.41% in the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While there has been a rise in investor participation, with delivery volume increasing by 47.05% against the 5-day average, the company has reported negative results for the last six consecutive quarters, including a significant drop in profit before tax and return on capital employed. These negative financial indicators, combined with a lack of domestic mutual fund investment, suggest a lack of confidence in the company's current valuation and performance.
In the broader market context, Rama Steel Tubes has underperformed compared to the Sensex, with a 1-month return of -11.80% against the benchmark's -2.01%. This stark contrast highlights the stock's struggles relative to the overall market. Despite a strong long-term growth trajectory in net sales and operating profit, the recent financial results have raised concerns among investors. The stock's valuation appears expensive relative to its peers, further contributing to its downward pressure. Overall, the combination of poor recent performance, negative financial results, and lack of institutional support has led to the stock's decline.