Why is Rhetan TMT Ltd falling/rising?

As of 11-Jul, Rhetan TMT Ltd is currently priced at 16.65, reflecting a decrease of 0.85, or 4.86%. The stock has underperformed its sector by 4.78% 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 experienced a significant decline of 13.42%, while its one-month performance shows a drop of 10.10%. Despite a positive return of 22.07% over the past year, the company is facing challenges, including an operating loss and a substantial decline in net sales by 57.10% over the latest six months. The low return on equity of 4.87% indicates weak profitability, and the lack of domestic mutual fund investment suggests a lack of confidence in the company's valuation and business prospects.
In the broader market context, Rhetan TMT Ltd's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.12% over the past week and is up 5.58% year-to-date. This stark difference highlights the stock's struggles relative to the overall market. The company's weak long-term fundamentals, characterized by a very expensive valuation and low profitability metrics, further contribute to investor concerns, leading to a decline in participation and liquidity. Overall, the combination of poor financial performance and lack of institutional support is driving the stock's downward movement.