Why is Rhetan TMT Ltd falling/rising?

As of 21-Jul, Rhetan TMT Ltd's stock price is currently at 17.09, reflecting a decrease of 0.28, or 1.61%. The stock has underperformed its sector by 2.51% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.06%. While the stock has shown a positive return of 31.77% over the past year, it has faced significant challenges recently, including a 57.10% decline in net sales and an operating loss that has contributed to a weak long-term fundamental strength. Additionally, the company's low return on equity of 4.87% and a high PEG ratio of 9.1 indicate that despite past performance, the stock may be overvalued given its current profitability issues.
In the broader market context, Rhetan TMT Ltd's short-term performance contrasts with the benchmark, as it has gained 1.12% over the past week while the Sensex has seen a slight decline of 0.06%. However, the stock's year-to-date performance is concerning, with a drop of 25.79% compared to the Sensex's gain of 5.20%. The falling investor participation, indicated by a 56.08% decrease in delivery volume, further suggests a lack of confidence among investors, which may be exacerbated by the absence of domestic mutual fund investment in the company. This combination of factors contributes to the stock's current downward trajectory.