Why is Rathi Bars falling/rising?

As of 03-September, Rathi Bars Ltd is experiencing a decline in its stock price, currently at Rs. 27.36, which represents a decrease of Rs. 1.74 or 5.98%. The stock has hit a new 52-week low of Rs. 26.9 today and has underperformed its sector by 9.23%. Over the past three days, the stock has consistently fallen, resulting in a total decline of 9.52%. Additionally, Rathi Bars has shown significant negative returns over various periods, including a 39.25% drop year-to-date and a 41.79% decline over the past year. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Unfortunately, there is no available information regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, Rathi Bars Ltd's short-term performance has been notably poor compared to the benchmark Sensex, which has only decreased by 0.27% over the past week. While the steel sector has seen a gain of 3.26%, Rathi Bars has not benefited from this trend, highlighting its struggles in the current market environment. The stock's liquidity appears to be adequate, but a significant drop in investor participation, with delivery volume falling by 9.17% against the five-day average, suggests waning interest among investors. Overall, the combination of poor stock performance, negative returns, and declining investor engagement contributes to the stock's downward trajectory.