Why is Rama Steel Tubes falling/rising?

As of 24-Sep, Rama Steel Tubes Ltd is experiencing a decline in its stock price, currently at 10.15, which reflects a decrease of 0.09 or 0.88%. The stock has been underperforming, having lost 3.43% over the last four days and is trading below all its moving averages. Additionally, the stock has shown a significant drop in investor participation, with delivery volume falling by 78.03% compared to the five-day average. The company has reported negative results for the last six consecutive quarters, with a substantial decline in profit before tax and net profit, contributing to a poor return of -31.60% over the past year. Despite a healthy long-term growth in net sales and operating profit, the overall negative financial performance and lack of domestic mutual fund investment suggest a lack of confidence among investors.
In the broader market context, the stock's recent performance has been worse than the benchmark, with a one-week return of -0.68% compared to the Sensex's -1.18%. This indicates that while both the stock and the benchmark have faced declines, Rama Steel Tubes has outperformed the market slightly in the short term. However, its long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The combination of declining returns, negative financial results, and low investor confidence paints a challenging picture for the stock's future.