Why is Rama Steel Tubes falling/rising?

As of 29-Aug, Rama Steel Tubes Ltd is currently priced at 9.91, reflecting a decrease of 0.11 or 1.1%. The stock has been on a downward trend, losing value for the last six consecutive days and experiencing an overall decline of 8.16% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment among investors. Additionally, the stock has underperformed significantly over various time frames, with a 1-month return of -11.04% and a year-to-date return of -17.76%. The company has reported negative results for six consecutive quarters, with a notable decline in profit before tax and return on capital employed, which has contributed to a lack of investor confidence, as evidenced by the absence of domestic mutual fund holdings.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.84% over the past week. This underperformance is indicative of the stock's struggles relative to the market, particularly given its negative returns over the last year and the last three years. The lack of investor participation, as shown by a 7.89% drop in delivery volume, further exacerbates the situation, suggesting that market sentiment remains weak. Despite the company's long-term growth potential, as indicated by healthy net sales and operating profit growth, the immediate outlook remains bleak due to ongoing financial challenges and a lack of institutional support.