Why is Rish.Digh.Steel falling/rising?

As of 10-Jul, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 39.53, which represents a decrease of 1.23 or 3.02%. Today's price summary indicates that the stock opened with a gain of 5.5% but has since underperformed its sector by 3.82%. It reached an intraday high of Rs 43.21 before dropping to a low of Rs 38.57, showcasing high volatility with a wide trading range of Rs 4.64. The stock has also been trading below its moving averages across various time frames, and despite a significant increase in delivery volume, the company faces challenges such as operating losses and a negative return on capital employed (ROCE), which contribute to its weak long-term fundamental strength.
In the broader market context, the stock's performance over the past week shows a decline of 5.88%, contrasting sharply with the Sensex, which has remained relatively flat with a change of -0.06%. While Rishabh Digha Steel has generated a return of 15.25% over the past year, this is overshadowed by a significant drop in profits of 99.3%, indicating underlying financial instability. The company's weak ability to service its debt, evidenced by a poor EBIT to interest ratio, further exacerbates its risk profile, making it a less attractive investment compared to the benchmark, which has shown a positive return of 1.46% over the same period.