Why is Rane (Madras) falling/rising?

As of 31-Jul, Rane (Madras) Ltd is experiencing a decline in its stock price, currently at Rs 842.60, which reflects a decrease of Rs 3.65 or 0.43%. Today's price summary indicates that the stock opened with a loss of 3.55% and reached an intraday low of Rs 816.2. Over the past week, the stock has underperformed with a return of -4.36%, while the one-month return stands at -7.08%. Despite a healthy long-term growth rate in operating profit of 50.01%, the stock has faced challenges, including a significant drop in profits by 89.2% over the past year, contributing to its recent price movement. Additionally, falling investor participation, with a delivery volume decrease of 45.64% against the 5-day average, suggests reduced market interest.
In the broader market context, Rane (Madras) Ltd's short-term performance contrasts with the benchmark Sensex, which has declined by only 1.22% over the past week. The stock's recent trend reversal, following two days of gains, indicates volatility and uncertainty among investors. Although the company has shown positive results in its latest quarterly report, the overall negative sentiment reflected in the stock's performance and the broader market conditions may be influencing its current price decline.