Why is RattanIndia Ent falling/rising?

As of 03-Jul, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at 61.44, which represents a decrease of 0.59 or 0.95%. The stock has been underperforming, having fallen for the last three consecutive days with a total decline of 5.35%. Additionally, the stock's performance today has underperformed its sector by 0.97%. Over the past week, the stock has shown a modest gain of 1.79%, but it has significantly underperformed the benchmark Sensex over the last year, with a return of -25.33% compared to the Sensex's 4.07%. The stock is currently trading above its longer-term moving averages but below its 5-day moving average, indicating a potential short-term weakness. Furthermore, there has been a notable decrease in investor participation, with delivery volume dropping by 44.62% against the 5-day average.
In the broader market context, while the stock has shown a positive return of 30.03% over the past month, it still lags behind the Sensex's 3.10% return during the same period. The company's financial performance has raised concerns, particularly due to negative results reported in March, including a significant drop in profit after tax and operating profit. Despite a strong long-term growth potential indicated by substantial increases in net sales and operating profit, the stock's valuation appears expensive relative to its peers, with a low return on equity of 9.2%. The limited interest from domestic mutual funds, holding only 0.45% of the company, may reflect a lack of confidence in the stock's current price or business fundamentals, contributing to its recent decline.