Why is RattanIndia Ent falling/rising?

As of 14-Aug, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 50.94, which reflects a decrease of Rs 1.07 or 2.06%. The stock has underperformed its sector by 1.73% today, touching an intraday low of Rs 50.66. Over the past week, the stock has fallen by 2.90%, and it has shown significant declines over the past month and year, with returns of -18.02% and -39.04%, respectively. The company's operating profit has seen a drastic annual decline of 383.67% over the last five years, and recent financial results indicate a substantial drop in profit before tax and net sales, further contributing to negative sentiment around the stock. Additionally, the low participation from domestic mutual funds, holding only 0.47%, suggests a lack of confidence in the company's valuation.
In the broader market context, the stock's performance has been notably worse than the benchmark, as it has underperformed the BSE500 index, which recorded a negative return of only 0.57% over the past year. The stock's liquidity remains adequate for trading, but it is trading below all major moving averages, indicating a bearish trend. The significant drop in investor participation, with a 2.76% decrease in delivery volume against the five-day average, further emphasizes the stock's struggles. Overall, the combination of poor financial performance, negative growth indicators, and low institutional interest has led to a decline in RattanIndia Enterprises Ltd's stock price.