Why is Rhetan TMT Ltd falling/rising?

As of 29-Jul, Rhetan TMT Ltd is experiencing a decline in its stock price, currently at 16.78, which reflects a decrease of 0.22 or 1.29%. The stock has underperformed its sector by 3.6% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.58% during this period. Over the past week, the stock has fallen by 1.76%, and in the last month, it has seen a significant drop of 13.82%. Despite a positive annual return of 28.39%, the company is facing challenges such as operating losses, a substantial decline in net sales, and a weak long-term fundamental strength, which contribute to its current price movement.
In the broader market context, the Sensex has decreased by 1.03% over the past week, indicating that the stock's short-term performance is worse than the benchmark. While the construction material sector has gained by 2.16%, Rhetan TMT Ltd's performance contrasts sharply with this trend. The company's low return on equity and high PEG ratio suggest that it is overvalued relative to its earnings growth, which may deter investor confidence. Additionally, the absence of domestic mutual fund investment indicates a lack of institutional support, further exacerbating the stock's downward trajectory.