Why is RattanIndia Ent falling/rising?

As of 14-Jul, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 62.14, which reflects a decrease of Rs 2.34 or 3.63%. The stock has underperformed its sector by 3.4% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.08%. Additionally, the stock's performance over the past week shows a decline of 3.01%, while it has seen a modest increase of 3.81% over the past month. However, the stock has significantly underperformed over the last year, with a return of -21.28% compared to a positive return of 2.15% for the benchmark. The company's recent financial results have been troubling, with a substantial loss reported in March, including a PAT of Rs -355.89 crore and a significant drop in operating profit.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the past year, while the BSE500 has generated a return of 0.26%. The decline in investor participation, evidenced by a drop in delivery volume, suggests a lack of confidence among investors, which may be exacerbated by the company's negative financial results and high valuation metrics. Despite healthy long-term growth in net sales and operating profit, the stock's recent performance and the low stake held by domestic mutual funds indicate that investors may be wary of the current price levels and the company's financial health.