Why is RattanIndia Ent falling/rising?

As of 02-Jul, RattanIndia Enterprises Ltd's stock price is currently at 62.03, reflecting a decline of 1.64, or 2.58%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.44% during this period. Today's trading saw the stock reach an intraday low of Rs 61.25, and it has experienced a decrease in investor participation, with delivery volume down by 29.56% compared to the five-day average. Despite a strong long-term growth trajectory in net sales and operating profit, the company faces significant challenges, including negative quarterly results and a substantial decline in profits over the past year, which have contributed to its recent price movement.
In the broader market context, RattanIndia Enterprises has outperformed the Sensex in the short term, with a 1-week return of 4.13% compared to the benchmark's 0.79%. However, the stock has significantly underperformed over the past year, generating a return of -24.22% while the market has seen a positive return of 5.00%. This stark contrast highlights the stock's struggles despite its recent short-term gains, indicating a lack of confidence among investors, as evidenced by the low stake held by domestic mutual funds. The combination of poor financial performance and declining investor interest suggests that the stock's recent price decline is likely to continue unless there are significant improvements in its financial health.