Why is Rathi Steel falling/rising?

As of 24-Jul, Rathi Steel & Power Ltd is experiencing a decline in its stock price, currently at 29.13, which reflects a decrease of 0.64 or 2.15%. The stock has underperformed its sector by 2.48% today and has been on a downward trend for the last two days, accumulating a total loss of 3.13%. Additionally, Rathi Steel is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock has generated a staggering return of -63.81% over the past year, despite a significant growth in operating profit of 95.63% reported in March 2025. However, the recent decrease in foreign institutional investors' holdings to 5.04% and the company's weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of 0.24, contribute to the negative outlook.
In the broader market context, Rathi Steel's performance has been notably worse than the benchmark, with a 1-week return of -3.54% compared to the Sensex's slight decline of only 0.09%. The stock's long-term performance has also been underwhelming, with a -29.38% return year-to-date, contrasting sharply with the Sensex's gain of 5.18%. This underperformance, coupled with a low return on equity of 2.45%, signifies that the stock is struggling to attract investor confidence, particularly in light of its recent financial results and the overall market conditions.