Why is Revathi Equip falling/rising?

As of 22-Aug, Revathi Equipment India Ltd is experiencing a decline in its stock price, currently at Rs 871.00, which represents a decrease of Rs 32.6 or 3.61%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 4.07% during this period. It is also trading close to its 52-week low, just 3.9% above Rs 837. The stock has shown significant underperformance over the past month, with a drop of 22.05%, while the benchmark Sensex has only decreased by 1.07%. Additionally, the company has reported negative financial results, including a 65.52% fall in net sales and a substantial 88.7% decline in profit after tax over the last quarter, contributing to a poor long-term growth outlook.
In the broader market context, Revathi Equipment's short-term performance is notably worse than that of the Sensex, which has gained 0.88% over the past week. The stock's negative trajectory is compounded by its poor financial health, as evidenced by a consistent decline in net sales and operating profits over the past five years. Despite having a high return on equity and low debt-to-equity ratio, these positive factors are overshadowed by the company's recent financial struggles and declining sales, leading to a lack of investor confidence and further downward pressure on the stock price.