Why is RattanIndia Ent falling/rising?

As of 12-Jun, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 61.02, which represents a decrease of 4.56 or 6.95%. Today's price summary indicates that the stock has underperformed its sector by 5.05% and has fallen after four consecutive days of gains, touching an intraday low of Rs 60.1. Despite trading above its moving averages, the stock's performance over the past year has been poor, with a return of -20.45%, while its profits have plummeted by 82.3%. The negative financial results reported for March 25, including a significant loss in profit after tax and low operating profit to interest ratio, contribute to the stock's downward movement. Additionally, the low stake held by domestic mutual funds may reflect a lack of confidence in the company's valuation.
In the broader market context, RattanIndia Enterprises Ltd has outperformed the benchmark index in the short term, with a 1-week return of +28.90% compared to the Sensex's +0.31%. However, the stock's year-to-date performance shows a decline of -4.48%, contrasting with the Sensex's gain of +4.55%. This underperformance over the longer term, coupled with the recent negative financial results, suggests that while there may be short-term gains, the overall sentiment remains cautious, leading to the current decline in stock price.