Why is Rathi Steel falling/rising?

As of 28-Jul, Rathi Steel & Power Ltd is experiencing a decline in its stock price, currently at 27.80, reflecting a decrease of 0.31 or 1.1%. The stock has been on a downward trend, losing value for the last four consecutive days, with a total drop of 7.55% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite a significant growth in operating profit of 95.63% and a strong quarterly performance, the stock has generated a staggering return of -68.67% over the past year, which has raised concerns among investors. Additionally, foreign institutional investors (FIIs) have decreased their holdings to 5.04%, signaling a lack of confidence in the stock's future performance. In the broader market context, Rathi Steel's short-term performance has been notably poor, with a 1-week return of -7.43%, significantly underperforming the Sensex, which has only declined by 1.59% during the same period. This stark contrast highlights the stock's struggles relative to the overall market. The company's weak long-term fundamentals, including a low return on equity and poor ability to service its debt, further exacerbate investor concerns. While the stock is trading at a discount compared to its peers, the overall negative sentiment and recent underperformance in both short and long-term metrics contribute to its declining price.