Why is Rane (Madras) falling/rising?

As of 11-Jul, Rane (Madras) Ltd is currently priced at Rs 868.70, reflecting a decline of Rs 22.45 or 2.52%. The stock has underperformed its sector by 1.84% today, with an intraday low of Rs 868.35. Over the past week, the stock has decreased by 4.37%, and over the past month, it has fallen by 5.61%. Despite this short-term decline, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 50.01%. However, the stock's profits have significantly decreased by 89.2% over the past year, contributing to its recent price movement. The stock is currently trading at a discount compared to its peers, which may attract some investors despite the negative short-term performance.
In the broader market context, the Sensex has experienced a minor decline of 1.12% over the past week and a negligible change of 0.02% over the past month, indicating that the market is relatively stable. However, Rane (Madras) Ltd's performance has been notably worse than the benchmark, suggesting that specific company-related issues are impacting its stock price more severely than the overall market. The rising investor participation, with a significant increase in delivery volume, may indicate some investor interest, but the overall negative sentiment surrounding the stock's recent performance and declining profits is likely driving the current downward trend.