Why is Rites falling/rising?

As of 08-Aug, Rites Ltd. is experiencing a decline in its stock price, currently at Rs 246.65, reflecting a decrease of Rs 5.05 or 2.01%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 4.86% during this period. Additionally, Rites is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Despite outperforming its sector by 2.43% today, the stock has underperformed significantly over the past month and year, with returns of -12.13% and -28.47%, respectively. The company has shown poor long-term growth, with net sales and operating profit declining over the last five years, contributing to its recent price drop.
In the broader market context, Rites Ltd. has underperformed the benchmark Sensex, which has shown a decline of only 0.92% over the past week compared to Rites' 1.77% drop. The railway sector, in which Rites operates, has also faced challenges, falling by 4.47%. While there has been an increase in investor participation, as evidenced by a 27.75% rise in delivery volume, the overall sentiment remains negative due to the company's high valuation relative to its peers and declining profitability. The stock's high dividend yield of 3.42% may provide some support, but the significant drop in net sales and profit before tax further exacerbates the negative outlook for Rites Ltd.