Why is RattanIndia Ent falling/rising?

As of 16-Jul, RattanIndia Enterprises Ltd is experiencing a slight decline in its stock price, currently at 62.00, reflecting a decrease of 0.07 or 0.11%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 6.29% during this period. Additionally, the stock has underperformed its sector by 1.23% today. Over the past week, it has decreased by 4.70%, while showing a modest increase of 3.84% over the past month. However, the stock's year-to-date performance is down by 2.94%, and it has significantly underperformed over the past year with a decline of 21.11%. The company's recent financial results have been troubling, with a reported PAT of -355.89 crore and a significant drop in profits by 82.3%, contributing to investor concerns. Furthermore, the low participation from domestic mutual funds, holding only 0.45% of the company, suggests a lack of confidence in the stock's valuation.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has shown a positive return of 5.75% year-to-date and 2.38% over the past year. While the market has generated a return of 0.47% in the last year, RattanIndia Enterprises Ltd has significantly lagged behind, indicating a lack of investor confidence in the company's future prospects. The stock's liquidity remains adequate for trading, but the falling delivery volume, which has decreased by 64.84% against the 5-day average, further highlights the waning interest among investors. Overall, the combination of poor financial results, declining investor participation, and underperformance relative to the market contributes to the stock's current downward trajectory.