Why is Ras Resorts falling/rising?

As of 11-Sep, Ras Resorts & Apart Hotels Ltd is experiencing a decline in its stock price, currently at Rs. 38.45, which represents a decrease of Rs. 0.53 or 1.36%. The stock has hit a new 52-week low of Rs. 37.01 today and has underperformed its sector by 1.06%. Over the past week, the stock has fallen by 1.91%, and its performance over the last month shows a significant decline of 6.22%. The stock has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.83%. Additionally, the company has weak long-term fundamentals, reflected in its low Return on Capital Employed (ROCE) of 2.84% and a concerning EBIT to Interest ratio of 0.78, indicating difficulties in servicing its debt. The stock's valuation appears expensive compared to its peers, with a Price to Book Value of 0.8, and it has generated a negative return of -21.35% over the past year, alongside a substantial profit decline of -47%.
In the broader market context, the Sensex has shown a positive return of 1.03% over the past week, contrasting sharply with Ras Resorts' negative performance. This underperformance is further highlighted by the stock's returns over various periods, where it has lagged behind the benchmark indices, including a -19.56% return year-to-date compared to the Sensex's 4.36%. The rising investor participation, indicated by a significant increase in delivery volume, suggests some interest in the stock despite its poor performance metrics. Overall, the combination of weak fundamentals, declining stock performance, and underperformance relative to the market contributes to the stock's current downward trajectory.