Why is Rish.Digh.Steel falling/rising?

As of 11-Jul, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at 39.19, which reflects a decrease of 0.34 or 0.86%. The stock has been losing value for the past two days, with a total drop of 3.85% during this period. It is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a decrease in investor participation, as evidenced by a 1.28% drop in delivery volume compared to the 5-day average. The company has reported operating losses and a weak ability to service its debt, contributing to its negative return on capital employed (ROCE) and a concerning EBIT to interest ratio of -0.96. Despite a 12.04% return over the past year, the company's profits have plummeted by 99.3%, indicating significant underlying issues.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 3.09% compared to the Sensex's decrease of only 1.12%. Over the past month, Rish Digha Steel has fallen by 8.97%, while the benchmark has remained relatively stable with a change of just -0.02%. This underperformance is compounded by the company's reported flat results and negative EBITDA, which suggest that the stock is trading at risky valuations compared to its historical performance. Overall, the combination of poor financial health, declining investor interest, and a lack of positive momentum in the market has led to the stock's recent downward trend.