Why is RattanIndia Ent falling/rising?

As of 18-Jul, RattanIndia Enterprises Ltd's stock price is currently at 61.20, reflecting a decrease of 0.2, or 0.33%. The stock has been experiencing a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 7.5% during this period. In terms of performance against benchmarks, the stock has underperformed significantly over the past year with a return of -19.18%, while the Sensex has only declined by 0.90%. The stock's recent performance is further complicated by negative financial results, including a substantial drop in profit after tax and operating profit, which has contributed to its weak valuation and declining investor participation, as evidenced by a 57.71% drop in delivery volume compared to the five-day average.
In the broader market context, while the stock has shown some positive movement over the past month with a return of 7.94%, it remains significantly behind the benchmark's performance, which has seen a modest gain of 0.38%. The overall market has generated negative returns of -0.36% in the last year, yet RattanIndia's stock has fallen much more sharply, indicating a lack of investor confidence. The low stake held by domestic mutual funds, at only 0.47%, suggests that institutional investors may be wary of the company's current valuation and business prospects, further contributing to the stock's decline.