Why is Rathi Steel falling/rising?

As of 04-Jul, Rathi Steel & Power Ltd's stock price is currently at 30.60, reflecting a decrease of 0.7, or 2.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.47% during this period. Additionally, the stock has shown a negative return of 3.80% over the past week and a significant drop of 25.82% year-to-date. Despite a recent growth in operating profit and increased promoter confidence, the stock's performance remains weak, with a low return on equity and poor ability to service debt, contributing to its declining price.
In the broader market context, Rathi Steel's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.74% over the past week. The stock's underperformance is evident as it has generated a return of -37.18% over the past year, significantly lagging behind the Sensex's positive return of 4.23% during the same period. This stark difference highlights the challenges faced by Rathi Steel in maintaining investor confidence and market competitiveness, despite some positive operational metrics.