Why is Ratnaveer Precis falling/rising?

As of 14-Jul, Ratnaveer Precision Engineering Ltd is experiencing a decline in its stock price, currently at 144.40, which reflects a decrease of 2.1 or 1.43%. The stock has been underperforming, having lost 8.92% over the last nine consecutive days. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over various periods shows a significant decline, with a year-to-date drop of 23.11% compared to a 5.27% gain in the benchmark Sensex. Despite these challenges, the company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio of 0.58 times and impressive growth in operating profit and net sales over the last six months.
In the broader market context, Ratnaveer's recent performance contrasts sharply with the Sensex, which has seen a 1.40% increase over the past month. The stock's short-term underperformance of 6.08% over the past week further highlights this disparity. While the company has shown healthy long-term growth and positive results in recent quarters, the current market sentiment appears to be negative, as indicated by falling investor participation and a significant drop in delivery volume. This combination of factors suggests that, despite the company's solid fundamentals, external market pressures and recent performance trends are contributing to the stock's decline.