Why is Rish.Digh.Steel falling/rising?

As of 04-Jul, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 40.44, reflecting a decrease of 1.56 (-3.71%). Today's trading has shown significant volatility, with the stock opening up 14.29% but later dropping to a low of Rs 40.33. The stock has underperformed its sector by 3.07%, and it is trading below all key moving averages. Over the past year, while the stock has generated a return of 18.45%, it has faced challenges such as operating losses and a negative EBITDA, which have contributed to a weak long-term fundamental strength and a poor EBIT to Interest ratio of -0.96.
In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -9.63% compared to a slight decline of 0.74% in the Sensex. Although the stock has shown a positive year-to-date return of 5.78%, it has significantly lagged behind the benchmark's 6.77% return. The company's recent financial results have also raised concerns, with a substantial drop in PAT and a reported negative return on capital employed, indicating that despite past performance, the current outlook is challenging.