Why is Remi Edelstahl falling/rising?

As of 04-Aug, Remi Edelstahl Tubulars Ltd is experiencing a decline in its stock price, currently at Rs 163.70, which represents a decrease of Rs 6.25 or 3.68%. Today's price summary indicates that the stock has underperformed its sector by 6.53% and has seen a trend reversal after 11 consecutive days of gains. The stock touched an intraday low of Rs 160.85, and trading volume has decreased significantly, with delivery volume falling by 67.15% against the 5-day average. Despite a strong performance over the past year, generating a return of 76.59%, the company faces challenges such as weak long-term fundamental strength, a high Debt to EBITDA ratio, and disappointing quarterly results that have contributed to the recent price decline.
In the broader market context, while Remi Edelstahl has outperformed the Sensex significantly over various periods, including a 79.89% return over the past month compared to the Sensex's decline of 2.89%, the current downturn reflects investor concerns about the company's long-term growth potential and financial health. The steel sector has seen a gain of 2.9%, indicating that the broader market is not entirely unfavorable; however, the falling investor participation and liquidity issues surrounding Remi Edelstahl suggest that market sentiment may be shifting negatively towards the stock despite its historical performance.