Why is RHI Magnesita falling/rising?

As of 01-Jul, RHI Magnesita India Ltd's stock price is currently at 463.65, reflecting a decrease of 13.4 points or 2.81%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.79% during this period. It has also underperformed its sector by 1.7% today. Over the past year, the stock has generated a return of -27.87%, with profits declining by 10.1%. The company's low Debt to EBITDA ratio of 0.99 indicates a strong ability to service debt, and it is trading at a discount compared to its peers. However, negative results reported in March, including a significant drop in PAT and operating profit margins, have contributed to the stock's recent struggles.
In the broader market context, RHI Magnesita's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -4.06% against the Sensex's gain of 2.00%. This underperformance is consistent with its longer-term trends, where it has lagged behind the BSE500 over the past three years, one year, and three months. Despite a slight positive return of 0.74% over the past month, the overall sentiment remains negative, influenced by disappointing financial results and a lack of momentum in the stock's performance relative to the market.