Why is RattanIndia Ent falling/rising?

As of 08-Sep, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at 61.30, reflecting a decrease of 0.69 or 1.11%. The stock has underperformed its sector today by 1.29%, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has shown a positive return of 19.03%, but it has a year-to-date decline of 4.04% and a significant one-year drop of 21.66%. The company has faced challenges, including a poor long-term growth outlook with an annual operating profit decline of 383.67% over the last five years. Recent financial results indicate a substantial drop in profit before tax and profit after tax, both falling by over 41%, alongside a negative EBITDA, which contributes to the stock's riskiness.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which recorded a negative return of only 3.07% over the past year. While RattanIndia's stock has generated a return of -21.66%, the market's relatively smaller decline suggests that investor sentiment towards RattanIndia is particularly negative. Additionally, domestic mutual funds hold only 0.47% of the company, indicating a lack of confidence in its valuation or business prospects. The rising investor participation, as evidenced by a 49.96% increase in delivery volume, may not be sufficient to counterbalance the negative sentiment stemming from the company's financial struggles and poor long-term growth outlook.