Why is Ratnamani Metals falling/rising?

As of 04-Aug, Ratnamani Metals & Tubes Ltd is experiencing a decline in its stock price, currently at Rs 2,501.20, which represents a decrease of Rs 79.4 or 3.08%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.16% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 6.59%, and it has shown a significant year-to-date decline of 21.44%. Negative factors impacting the stock include a drop in net sales and profit before tax, as well as a low return on capital employed, which has contributed to its expensive valuation relative to its peers.
In the broader market context, while the Sensex has gained 0.16% over the past week, Ratnamani Metals has significantly underperformed this benchmark. The steel sector, in which the company operates, has seen a positive movement, gaining 2.9%, contrasting with Ratnamani's struggles. Despite high management efficiency and healthy long-term growth rates, the stock's recent performance has been hindered by declining sales and profits, leading to a negative sentiment among investors. The stock's performance over the last year, with a return of -30.58%, further emphasizes its underperformance compared to the broader market trends.