Why is RattanIndia Pow. falling/rising?

As of 30-Sep, RattanIndia Power Ltd's stock price is currently at 11.22, reflecting a decrease of 0.28, or 2.43%. The stock has been on a downward trend, having underperformed its sector by 2.03% today and experiencing a consecutive fall for the last seven days, resulting in a total decline of 9.59% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company's financial health is concerning, with a high Debt to EBITDA ratio of 11.55 times and a significant drop in profit before tax and profit after tax compared to previous quarters. Furthermore, 88.65% of promoter shares are pledged, which adds pressure on the stock price in a declining market.
In the broader market context, RattanIndia Power Ltd has underperformed significantly compared to the benchmark, with a one-year return of -26.91% against the BSE500's -6.58%. Over the past month, the stock has declined by 8.71%, while the Sensex has gained 0.57%. This stark contrast highlights the stock's weak performance relative to the market. Despite the company's attractive valuation metrics, including a low PEG ratio of 0.5 and rising profits, the overall weak long-term fundamentals and high debt levels are overshadowing these positives, contributing to the stock's decline.