Why is Rasandik Engg. falling/rising?

As of 19-Sep, Rasandik Engineering Industries India Ltd is experiencing a slight decline in its stock price, currently at 87.05, reflecting a decrease of 0.06 or 0.07%. The stock has shown a trend reversal, falling after three consecutive days of gains. While it has performed positively over the past week with a return of 1.22%, it has underperformed over the past month with a decline of 1.08%. The stock's performance today is in line with its sector, but it is trading below its longer-term moving averages, indicating potential weakness. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 6.86% compared to the five-day average, which may signal waning interest among investors. The company's financial health is concerning, with a significant decline in net sales and profitability, as evidenced by a -43.98% growth in PAT and a -23.44% drop in net sales over the last nine months.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has returned 0.88% over the past week. However, the stock has significantly underperformed the market over the past year, with a return of -31.56% compared to the Sensex's -0.67%. This stark contrast highlights the ongoing challenges faced by Rasandik Engineering, including weak long-term fundamentals, a high debt-to-EBITDA ratio, and negative operating profits. These factors contribute to a perception of risk among investors, further exacerbating the stock's decline in value.