Why is Riba Textiles falling/rising?

As of 24-Sep, Riba Textiles Ltd is experiencing a decline in its stock price, currently at Rs 81.35, which represents a decrease of Rs 2.38 or 2.84%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 4.18% during this period. Today's trading saw the stock touch an intraday low of Rs 81.3, and it is currently trading below several moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 71.84% compared to the five-day average. Despite a positive return of 3.30% over the past year, the stock's year-to-date performance shows a substantial decline of 23.20%, reflecting underlying weaknesses in its fundamentals.
In the broader market context, Riba Textiles has underperformed against the Sensex, which has gained 4.58% year-to-date, while the stock has seen a 7.62% decline over the past month. This contrast highlights the stock's struggles relative to the market. The company's weak long-term fundamental strength, indicated by a low average Return on Capital Employed (ROCE) of 9.41% and a high Debt to EBITDA ratio of 3.36 times, raises concerns about its growth potential. Furthermore, negative quarterly results, including a 36.3% drop in profit after tax, contribute to the stock's downward pressure. Although the stock is trading at a discount compared to its peers, the combination of poor financial performance and declining investor interest suggests a challenging environment for Riba Textiles.