Why is RattanIndia Ent falling/rising?

As of 01-Jul, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 63.67, which represents a decrease of 1.24 or 1.91%. The stock has underperformed its sector by 1.19% today and has seen a trend reversal after five consecutive days of gains. It touched an intraday low of Rs 63.21, indicating a drop of 2.62%. Despite this, the stock has shown strong performance over the past month with a return of 36.57%, although it has underperformed over the year with a return of -22.81%. The company's financial health is concerning, as it reported a significant loss in its latest quarter, with a PAT of Rs -355.89 crore, and a drastic fall in profits by 82.3%. This, combined with a low return on equity and minimal domestic mutual fund interest, suggests investor caution.
In the broader market context, while the Sensex has generated a return of 2.00% over the past week, RattanIndia's stock has increased by 8.08%, indicating a short-term outperformance. However, the stock's long-term performance has been lackluster, with a year-to-date return of -0.33% compared to the Sensex's 7.11%. The stock's substantial decline over the past year, coupled with negative financial results and a high price-to-book ratio, raises concerns about its valuation and future growth potential, contributing to the current downward price movement.