Why is Rathi Steel falling/rising?

As of 02-Jul, Rathi Steel & Power Ltd is experiencing a decline in its stock price, currently at 31.37, reflecting a decrease of 0.33 or 1.04%. The stock has underperformed the sector today by 2.45%, and its delivery volume has significantly decreased by 89.61% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 1.48%, while it has shown a modest increase of 1.06% over the past month. Despite a substantial growth in operating profit of 95.63% and positive financial results, the stock has generated a negative return of 34.93% over the past year, highlighting its struggles in the long term. Additionally, while promoters have increased their stake, indicating confidence, the company's weak ability to service debt and low profitability per unit of shareholders' funds contribute to a negative outlook.
In the broader market context, the Sensex has gained 0.79% over the past week and 2.50% over the past month, contrasting with Rathi Steel's recent performance. The stock's year-to-date return is notably lower at -23.95%, while the benchmark has risen by 6.75% during the same period. This underperformance relative to the market suggests that investor sentiment towards Rathi Steel is weak, despite some positive indicators such as increased promoter confidence and attractive valuations compared to peers. Overall, the combination of declining investor participation, poor long-term performance, and the stock's inability to keep pace with the broader market contributes to its current downward price movement.