Why is Rane (Madras) falling/rising?

As of 28-Jul, Rane (Madras) Ltd's stock price is currently at 831.00, reflecting a decrease of 27.55 points or 3.21%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.97% during this period. Although it opened with a gain of 2.26% today, it reached a day's high of Rs 877.95 before dropping to a low of Rs 829.6. Over the past week, the stock has decreased by 5.29%, and it has also shown a negative return of 7.99% over the past month, contrasting with a year-to-date decline of 3.93%. Despite a healthy long-term growth outlook, with operating profit growing at an annual rate of 50.01%, the stock's recent performance has been negatively impacted by a significant drop in profits, which fell by 89.2% over the past year.
In the broader market context, Rane (Madras) Ltd's recent performance has been worse than the benchmark Sensex, which has declined by only 1.59% over the past week. The stock's liquidity appears adequate for trading, with a delivery volume increase of 59.82% against the 5-day average, indicating rising investor participation. However, the stock is trading at a discount compared to its peers' average historical valuations, which may suggest that investors are cautious due to the recent negative earnings reports. Overall, while the company has shown potential for long-term growth, the immediate market sentiment appears to be influenced by its recent poor financial performance and ongoing price declines.