Why is RattanIndia Pow. falling/rising?

As of 22-Aug, RattanIndia Power Ltd's stock price is currently at 12.25, reflecting a decline of 0.16, or 1.29%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.16% during this period. In terms of returns, the stock has shown a negative performance over the past month, down 18.87%, and a significant drop of 26.03% over the past year, while the broader market, represented by the Sensex, has only declined by 1.07% in the same timeframe. Despite a positive return of 1.83% over the past week, the stock's overall performance remains weak, compounded by a high Debt to EBITDA ratio and low interest coverage, which raises concerns about its long-term financial health.
Broader market context indicates that while the stock has outperformed the benchmark in the short term, it has significantly lagged over the longer term, with a year-to-date return of -10.45% compared to the Sensex's positive return of 4.05%. The stock's valuation appears attractive with a low PEG ratio of 0.5, but the high percentage of pledged promoter shares (88.65%) and rising raw material costs (up 43.3% YoY) contribute to downward pressure on the stock price. Overall, the combination of weak fundamentals, high debt levels, and recent underperformance relative to both the market and its peers suggests that investor sentiment remains cautious, leading to the stock's current decline.