Why is RattanIndia Pow. falling/rising?

As of 23-Sep, RattanIndia Power Ltd's stock price is currently at 12.10, reflecting a decrease of 0.15, or 1.22%. The stock has underperformed its sector today by 0.52% and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.5%. Over the past week, the stock has also shown a decline of 1.22%, while its year-to-date performance is down by 11.55%. Despite a significant rise in profits by 110.6% over the past year, the stock has generated a negative return of 20.34%, indicating weak long-term fundamental strength. The company's high Debt to EBITDA ratio and low ability to service debt, coupled with a high percentage of pledged promoter shares, contribute to the downward pressure on the stock price.
In the broader market context, RattanIndia Power Ltd has underperformed compared to the benchmark, with the Sensex showing a slight decline of 0.34% over the past week, while the stock itself has fallen more significantly. The stock's performance over the last year is notably worse than the broader market, which has only declined by 4.69%. This stark contrast highlights the challenges faced by RattanIndia Power Ltd, particularly in light of its weak operational metrics and high debt levels, which have led to a lack of investor confidence and contributed to its recent price decline.