Why is Rel. Indl. Infra falling/rising?

As of 01-Aug, Reliance Industrial Infrastructure Ltd is experiencing a decline in its stock price, currently at 855.30, reflecting a decrease of 13.0 points or 1.5%. The stock has been on a downward trend, having lost 9.18% over the past seven days, and it underperformed its sector by 0.73% today. Although the stock opened with a gain of 2.26% and reached an intraday high of Rs 887.9, it ultimately fell to a low of Rs 850.2. The stock's performance over the past week shows a decline of 5.28%, and it has significantly underperformed the benchmark Sensex, which has only decreased by 1.06% in the same period. The company's weak long-term fundamentals, characterized by operating losses and a poor EBIT to interest ratio of -7.78, contribute to the negative sentiment surrounding the stock.
Broader Market Context: The stock's performance has been consistently below that of the benchmark over the last three years, with a staggering decline of 33.37% in the past year compared to a slight decrease of 1.55% for the Sensex. This consistent underperformance, coupled with the fact that domestic mutual funds hold no stake in the company, indicates a lack of confidence in its future prospects. The company's negative EBITDA and low operating cash flow further exacerbate concerns among investors, leading to a cautious trading environment. Overall, the combination of weak financial metrics and poor market sentiment has resulted in the stock's continued decline.