Why is Rapicut Carbides falling/rising?

As of 30-Sep, Rapicut Carbides Ltd is experiencing a decline in its stock price, currently at 76.72, reflecting a decrease of 1.56 or 1.99%. The stock has underperformed its sector by 2.88% today and has been on a downward trend, falling for the last two days with a total return drop of 3.94%. It is trading below all its moving averages, indicating a bearish sentiment. Additionally, the stock has shown significant underperformance over various periods, with a year-to-date decline of 25.15% and a staggering 48.13% drop over the past year. The company's financial health is concerning, as it has reported operating losses and negative results for the last five consecutive quarters, including a significant fall in profit after tax and net sales.
In the broader market context, while the Sensex has shown a slight increase of 2.72% year-to-date, Rapicut Carbides has significantly lagged behind, reflecting a stark contrast in performance. The stock's recent decline is compounded by a weak ability to service its debt, as indicated by a poor EBIT to interest ratio of -0.76, and a low return on equity of 0.45%. The falling investor participation, with a notable drop in delivery volume, further suggests a lack of confidence among investors. Overall, the combination of weak fundamentals, negative earnings, and poor market performance contributes to the stock's downward trajectory.