Why is Rishi Laser falling/rising?

As of 01-Aug, Rishi Laser Ltd's stock price is currently at 140.10, reflecting a decline of 2.35, or 1.65%. The stock has been trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has decreased by 2.09% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has underperformed significantly, with a return of -14.05%, while its profits have also fallen by 5.3%. Despite having an attractive valuation with a ROCE of 12.3 and trading at a discount compared to peers, the company faces challenges with weak long-term growth and a poor ability to service its debt.
In the broader market context, Rishi Laser's short-term performance has been slightly worse than the benchmark, with a 1-week return of -1.30% compared to the Sensex's -1.06%. This underperformance is compounded by the company's weak long-term fundamentals, including a low average ROCE of 8.78% and a modest net sales growth rate of 10.58% over the last five years. The overall market sentiment appears cautious, which may be affecting investor confidence in Rishi Laser, leading to its current price decline.