Why is Rasi Electrodes falling/rising?

As of 21-Aug, Rasi Electrodes Ltd is experiencing a decline in its stock price, currently at 19.75, reflecting a decrease of 0.25 or 1.25%. The stock has underperformed its sector by 1.08% today and has seen a trend reversal after four consecutive days of gains. In terms of performance, the stock has returned -8.73% over the past month and -39.38% over the past year, significantly underperforming the benchmark Sensex, which has only declined by 0.24% and increased by 1.35% respectively. Additionally, the stock's delivery volume has decreased by 3.51% compared to the five-day average, indicating falling investor participation. Despite having an attractive valuation with a Price to Book Value of 1.8 and a fair value compared to peers, the stock's profits have decreased by 22.3%, contributing to its recent price movement.
Broader market context shows that while the stock has performed well over a three-year period with a return of 74.16%, its year-to-date performance is concerning, with a decline of 34.28% compared to a 4.94% increase in the broader market. The stock's weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 7.33%, and flat results in recent quarters, such as a net sales drop of 8.61%, further exacerbate its struggles. Overall, the combination of declining investor interest, poor recent financial performance, and significant underperformance relative to the market contributes to the stock's current downward trajectory.