Why is Ravi Leela Gran falling/rising?

As of 22-Aug, Ravi Leela Granites Ltd's stock price is currently at Rs 35.30, reflecting a decline of Rs 1.3 or 3.55%. The stock has been underperforming, having fallen for the last two consecutive days, resulting in a total drop of 5.36%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, falling by 36.07% against the 5-day average, suggesting reduced investor participation. Despite the company reporting impressive growth in operating profit and net sales, the stock has generated negative returns over the past year and has consistently underperformed against benchmarks, including a 5.23% decline compared to the Sensex's 0.31% gain over the same period.
In the broader market context, the stock's performance has been notably weaker than the Sensex, which has gained 0.88% over the past week and 4.05% year-to-date. This consistent underperformance, coupled with high debt levels and weak long-term fundamental strength, has contributed to a lack of investor confidence. Although the company has shown positive results in recent quarters, the high debt-to-equity ratio and low return on equity indicate potential risks that may deter investors. Overall, the combination of poor short-term performance, high leverage, and weak profitability metrics has led to the stock's decline.