Why is Rane (Madras) falling/rising?

As of 12-Aug, Rane (Madras) Ltd is experiencing a decline in its stock price, currently at 800.85, which reflects a decrease of 4.9 points or 0.61%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 2.62%. It opened the day with a loss of 3.19% and reached an intraday low of Rs 780.05. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 29.84% compared to the 5-day average, suggesting reduced investor participation. While the company has shown healthy long-term growth with an annual operating profit increase of 31.52%, it has faced challenges such as a high Debt to EBITDA ratio of 7.52 times and a significant drop in profits by 78.8% over the past year, which may contribute to the negative sentiment surrounding the stock.
In the broader market context, Rane (Madras) Ltd's performance over the past week shows a decline of 4.29%, which is notably worse than the Sensex's decrease of only 0.59%. Over the past month, the stock has fallen by 7.81%, while the benchmark has declined by 2.75%. This underperformance relative to the market may indicate a lack of confidence from investors, particularly as domestic mutual funds hold only a minimal stake of 0.23%, suggesting they may not be comfortable with the current valuation or business outlook. Despite some positive operational metrics, the overall financial health concerns and declining investor interest are likely driving the stock's recent downward movement.