Why is RattanIndia Ent falling/rising?

As of 02-Sep, RattanIndia Enterprises Ltd is currently priced at 61.33, reflecting a slight decrease of 0.01 (-0.02%). The stock has experienced a trend reversal, falling after five consecutive days of gains. Despite this recent decline, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive short-term trend. However, investor participation has decreased significantly, with delivery volume dropping by 55.77% compared to the 5-day average. Over the past week, the stock has outperformed the benchmark Sensex, gaining 5.29% while the index fell by 0.78%. Nevertheless, the stock has underperformed over the longer term, with a year-to-date decline of 3.99% compared to the Sensex's gain of 2.58%.
The stock's recent performance is influenced by several negative factors, including a poor long-term growth outlook, as evidenced by an annual operating profit decline of 383.67% over the last five years. The latest quarterly results show significant drops in profit before tax and profit after tax, both falling by around 41%. Additionally, the stock is considered risky due to negative EBITDA and a substantial profit decline of 123% over the past year. Furthermore, domestic mutual funds hold only a minimal stake of 0.47%, suggesting a lack of confidence in the company's valuation or business prospects. Overall, while the stock has shown some short-term resilience, the underlying fundamentals and declining investor interest contribute to its recent price movement.