Why is RattanIndia Ent falling/rising?

As of 04-Jul, RattanIndia Enterprises Ltd is experiencing a slight increase in its stock price, currently at 61.50, with a change of 0.06 (0.1%) upward. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it has underperformed in the short term, with a 1-week return of -3.15%, while the Sensex has only decreased by -0.74%. Despite a significant annual growth in net sales and operating profit, the company has faced negative results in its latest quarter, with a substantial drop in profit after tax and operating profit to interest ratios, which may contribute to investor caution.
In the broader market context, the stock's performance over the past year has been notably poor, with a return of -24.12%, contrasting sharply with the Sensex's gain of 4.23%. This underperformance may indicate a lack of confidence among investors, as reflected in the low participation from domestic mutual funds, which hold only 0.45% of the company. Although the stock is trading at a discount compared to its peers, the significant decline in profits and the company's expensive valuation could be deterring potential investors, leading to a cautious outlook amidst a generally stable market environment.