Why is Renaiss. Global falling/rising?

As of 19-Sep, Renaissance Global Ltd's stock price is currently at 121.50, reflecting a decrease of 3.0, or 2.41%. Today's price summary indicates that the stock has underperformed its sector by 1.03% and opened with a loss of 3.53%. After two consecutive days of gains, the stock has reversed its trend, touching an intraday low of Rs 119, which represents a decline of 4.42%. Over the past week, the stock has shown a positive return of 3.45%, and while it has underperformed year-to-date with a decline of 29.38%, it has generated a modest return of -1.70% over the past year. Despite these challenges, the stock is trading at a discount compared to its peers, and the promoters have increased their stake by 3.52%, indicating rising confidence in the company's future.
In the broader market context, the Sensex has gained 0.88% over the past week, which highlights that Renaissance Global Ltd's short-term performance is lagging behind the benchmark. While the stock has shown some positive momentum in the short term, its long-term fundamentals appear weak, with a low average Return on Capital Employed (ROCE) of 8.16% and stagnant growth in net sales. The recent flat results and declining operating profit ratios further contribute to investor concerns. Overall, the combination of short-term underperformance relative to the benchmark and long-term fundamental weaknesses is likely influencing the stock's current downward movement.