Why is Ras Resorts falling/rising?

As of 11-Jul, Ras Resorts & Apart Hotels Ltd is experiencing a decline in its stock price, currently at Rs 40.40, which reflects a decrease of Rs 2.6 or 6.05%. Today's price summary indicates that the stock has underperformed its sector by 5.16%, with an intraday low of Rs 37.07, marking a significant drop of 13.79%. The stock has shown high volatility today, with an intraday volatility of 7.16%, and it is trading below all its moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 96.21% compared to the 5-day average. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 2.84% and poor growth in net sales and operating profit, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Ras Resorts has underperformed the benchmark Sensex, which has seen a slight decline of only 1.12% over the past week, while Ras Resorts has dropped by 5.83% in the same period. The company's year-to-date performance shows a significant decline of 15.48%, contrasting sharply with the Sensex's gain of 5.58%. This disparity highlights the stock's struggles relative to the market, compounded by its expensive valuation compared to peers and a weak ability to service debt, as indicated by a poor EBIT to Interest ratio of 0.65. Overall, these factors suggest a challenging environment for Ras Resorts, leading to its current downward price movement.