Why is RattanIndia Ent falling/rising?

As of 30-Sep, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 51.13, which reflects a decrease of Rs 1.17 or 2.24%. The stock has underperformed its sector by 1.53% today, having touched an intraday low of Rs 50.69, marking a drop of 3.08%. Over the past week, the stock has declined by 7.19%, and it has shown a significant downturn over the past month with a 16.59% decrease. The company's long-term growth prospects appear poor, with an annual operating profit decline of 378.71% 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%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a year-to-date return of -19.96% compared to the Sensex's positive return of 2.72%. This underperformance is compounded by the fact that domestic mutual funds hold only a minimal stake of 0.47%, suggesting a lack of confidence in the company's valuation or business model. While there has been a rise in investor participation, as indicated by a 265.11% increase in delivery volume, the overall sentiment remains negative due to the company's poor financial health and lack of long-term growth prospects.