Why is Rish.Digh.Steel falling/rising?

As of 24-Sep, Rishabh Digha Steel & Allied Products Ltd is experiencing a decline in its stock price, currently at Rs 35.02, which reflects a decrease of 1.93 (-5.22%). The stock has underperformed its sector by 5.09% today and has been on a downward trend for the last two days, accumulating a total loss of 5.35%. The stock's performance over the past week shows a decline of 4.05%, and it has underperformed the BSE500 benchmark over the last year with a return of -17.01%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.94. Additionally, the stock is trading below all major moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 81.19% against the five-day average.
In the broader market context, the Sensex has only declined by 1.18% over the past week, indicating that Rishabh Digha Steel's performance is significantly worse than the overall market. While the stock has shown some positive returns over a three-year period (+35.21%), its recent performance has been lackluster, with negative returns in both the short and long term. The company has reported a drastic profit decline of 98.5% over the past year, contributing to its negative return on capital employed (ROCE) and overall weak long-term fundamental strength. This combination of poor financial health and underperformance relative to the market has led to the stock's current downward trajectory.