Why is Rathi Steel falling/rising?

As of 30-Jul, Rathi Steel & Power Ltd's stock price is currently at 28.01, reflecting a decrease of 0.37, or 1.3%. The stock has underperformed its sector by 1.89% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 5.91%, and in the last month, it has fallen by 11.64%. Despite a significant growth in operating profit of 95.63% and a notable increase in net sales, the stock has generated a staggering return of -68.35% over the past year, indicating a severe decline in value. Additionally, foreign institutional investors (FIIs) have reduced their holdings to 5.04%, which may contribute to negative sentiment around the stock.
In the broader market context, Rathi Steel's performance has been notably worse than the benchmark, with the Sensex declining only 1.50% over the past week and 2.54% over the past month. This stark contrast highlights the stock's weak long-term fundamentals, including a poor EBIT to interest ratio of 0.24 and a low return on equity of 2.45%. The company's ability to service its debt appears weak, further exacerbating investor concerns. Overall, the combination of declining investor participation, underperformance relative to the market, and weak financial metrics suggests a challenging outlook for Rathi Steel, contributing to its falling stock price.