Why is Raymond Lifestyl falling/rising?

As of 19-Sep, Raymond Lifestyle Ltd's stock price is currently at 1,270.30, reflecting a decrease of 42.5 points or 3.24%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 4.17% during this period. The stock's performance over the past week shows a decline of 3.83%, while it has seen a more significant drop of 39.79% year-to-date. Additionally, the company has reported negative results for the last three consecutive quarters, with a substantial decrease in both profit before tax and profit after tax compared to previous averages. Although promoters have increased their stake by 1.46%, indicating some level of confidence, the overall weak long-term fundamentals and low profitability per unit of shareholders' funds contribute to the stock's downward trend.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Raymond Lifestyle's decline. The company's performance has significantly lagged behind the market, with a one-year return of -47.47% compared to the Sensex's slight decline of -0.67%. This underperformance is compounded by a notable drop in investor participation, with delivery volume decreasing by 57.59% against the five-day average, suggesting a lack of confidence among investors. Despite the stock being liquid enough for trading, the overall sentiment remains negative, leading to its continued decline in price.