Why is Rasi Electrodes falling/rising?

As of 14-Jul, Rasi Electrodes Ltd is experiencing a decline in its stock price, currently at 19.52, reflecting a decrease of 0.59 or 2.93%. The stock has underperformed its sector by 5.3% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.78%. Over the past week, the stock has decreased by 2.89%, while its year-to-date performance shows a significant decline of 35.04%. Despite having a relatively attractive valuation with a Price to Book Value of 1.8 and a Return on Equity (ROE) of 7.9, the stock's profits have fallen by 14.2% over the past year, contributing to its negative performance. Additionally, the stock's liquidity appears to be decreasing, with a notable drop in delivery volume by 55.97% against the five-day average.
In the broader market context, the Sensex has shown a decline of 1.42% over the past week, indicating that the stock's short-term performance is worse than the benchmark. While the Electrodes & Welding Equipment sector has gained by 2.43%, Rasi Electrodes has not benefited from this trend, highlighting its struggles in comparison to both its sector and the overall market. The stock's long-term fundamentals are weak, with a poor growth rate in net sales and a significant underperformance relative to the market over the past year, where it has generated negative returns of 37.56% compared to the BSE500's 0.26%. This combination of factors suggests that investor confidence is waning, leading to the stock's current downward trajectory.