Why is Rel. Indl. Infra falling/rising?

As of 24-Sep, Reliance Industrial Infrastructure Ltd is experiencing a decline in its stock price, currently at 899.30, which reflects a decrease of 12.4 points or 1.36%. The stock has underperformed its sector by 1.06% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 2.99%, and it has shown a significant decline of 31.35% over the past year. The company's financial health is concerning, as it has reported operating losses and a negative return on capital employed (ROCE), with a weak ability to service its debt indicated by a poor EBIT to interest ratio. Additionally, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation or business prospects.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 4.58% year-to-date. The stock's negative returns over the past year and three years highlight a consistent trend of underperformance compared to the BSE500. This ongoing decline, coupled with the company's weak fundamentals and lack of investor confidence, contributes to the stock's downward trajectory in the market.