Why is Rane (Madras) falling/rising?

As of 15-Jul, Rane (Madras) Ltd's stock price is currently at Rs 871.25, reflecting a decrease of Rs 10.75 or 1.22%. The stock has underperformed its sector by 2.88% today, having touched an intraday low of Rs 861.15. Over the past week, the stock has declined by 2.00%, and it has also shown a negative return of 3.73% over the past month. Despite a healthy long-term growth trend, with operating profit increasing at an annual rate of 50.01%, the stock has faced challenges, including a significant drop in profits by 89.2% over the past year. Additionally, the delivery volume has decreased by 30.96% compared to the 5-day average, indicating falling investor participation.
In the broader market context, the Sensex has experienced a decline of 1.36% over the past week, which is less than the stock's decline, suggesting that Rane (Madras) is underperforming relative to the overall market. While the stock has shown a positive year-to-date return of 0.72%, it still lags behind the Sensex's 5.67% gain. The stock's moving averages indicate mixed signals, being higher than the 50, 100, and 200-day averages but lower than the 5 and 20-day averages, which may contribute to investor uncertainty. Overall, the combination of declining profits, reduced trading volume, and underperformance compared to the benchmark has led to the stock's recent downward movement.