Why is Royal India Corp falling/rising?

As of 22-Jul, Royal India Corporation Ltd's stock is currently priced at 9.00, reflecting a decline of 0.26, or 2.81%. The stock has underperformed its sector by 2.58% today, and there has been a notable decrease in investor participation, with delivery volume falling by 52.25% compared to the 5-day average. Although the stock has shown positive returns over the past week and month, with increases of 1.47% and 0.11% respectively, it has significantly underperformed on a year-to-date basis, down 66.56%, and over the past year, down 80.84%. The stock's moving averages indicate it is performing better than the shorter-term averages but is still below the 200-day moving average, suggesting a mixed outlook.
In the broader market context, the Sensex has shown a slight decline of 0.47% over the past week and a minimal drop of 0.27% over the past month, indicating that the market is experiencing some downward pressure. However, Royal India Corporation's recent performance contrasts sharply with the benchmark, as it has significantly lagged behind in year-to-date and yearly returns, while outperforming in the longer-term periods of 3 and 5 years. This disparity highlights the challenges faced by the company in the current market environment, contributing to the stock's recent decline.