Why is Rane (Madras) falling/rising?

As of 29-Sep, Rane (Madras) Ltd is experiencing a decline in its stock price, currently at 813.75, which represents a decrease of 4.05 (-0.5%). The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 5.38% during this period. Additionally, the stock's performance over the past week shows a decrease of 3.07%, while it has underperformed the sector by 1% today. The stock is currently trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 27.61% compared to the 5-day average. Despite a healthy long-term growth outlook, with operating profit growing at an annual rate of 31.52%, the stock has faced significant challenges, including a 31.04% decline over the past year and a 78.8% drop in profits.
In the broader market context, the Sensex has shown a decline of 2.18% over the past week, indicating that the market is also facing downward pressure, albeit less severe than Rane (Madras) Ltd's performance. The stock's year-to-date return is down 5.92%, contrasting with the Sensex's positive return of 2.85%. This suggests that while the overall market may be stabilizing, Rane (Madras) is struggling more significantly, which could be attributed to its recent financial performance and declining investor interest. The stock's attractive valuation relative to peers may not be sufficient to offset the negative sentiment stemming from its recent profit declines and underperformance against both the sector and the broader market.