Why is RPP Infra Proj. falling/rising?

As of 11-Aug, RPP Infra Projects Ltd is currently priced at 122.00, reflecting a decline of 1.5, or 1.21%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.94%. Today, it opened with a significant loss of 5.02%, reaching an intraday low of Rs 117.3. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a decrease in investor participation, with delivery volume falling by 14.21% compared to the 5-day average. Over the past year, the stock has generated a return of -43.47%, significantly underperforming the benchmark, which has seen a decline of only 1.85%.
In the broader market context, the stock's performance has been notably poor, with a year-to-date decline of 36.62% compared to a 3.15% increase in the benchmark. The company's fundamentals are weak, highlighted by a low average Return on Equity (ROE) of 8.17% and a significant drop in profit before tax and net sales in the most recent quarter. Furthermore, 26.77% of promoter shares are pledged, which can exert additional downward pressure on the stock price in a declining market. While the stock has an attractive valuation with a Price to Book Value of 1.1 and has seen a profit increase of 14.2% over the past year, these positive factors are overshadowed by the overall negative sentiment and performance metrics.