Why is RattanIndia Ent falling/rising?

As of 12-Aug, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at 50.62, reflecting a decrease of 0.98 or 1.9%. The stock has underperformed its sector by 0.87% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 5.35%, and in the last month, it has seen a significant drop of 21.50%. Despite a healthy long-term growth in net sales and operating profit, the company reported negative results for June, with a substantial decline in profit before tax and profit after tax, leading to a year-over-year return of -37.40%. This poor performance, coupled with a low stake from domestic mutual funds, suggests a lack of confidence in the stock's valuation.
In the broader market context, RattanIndia Enterprises Ltd has underperformed significantly compared to the benchmark, with the BSE500 index showing a decline of only 2.11% over the past year. The stock's substantial drop of 37.40% indicates that investor sentiment is particularly negative, especially given that its profits have fallen by 82.3% during the same period. The overall market has been relatively stable, which highlights the specific challenges faced by RattanIndia Enterprises Ltd, including its expensive valuation and the lack of interest from institutional investors.