Why is Ruby Mills falling/rising?

As of 25-Jun, Ruby Mills Ltd. is currently priced at 236.35, reflecting a decrease of 0.35, or 0.15%. The stock has underperformed its sector today by 1.31% and has experienced a trend reversal, falling after three consecutive days of gains. Despite trading above its moving averages for various periods, the stock's delivery volume has significantly decreased, indicating falling investor participation. Over the past week, Ruby Mills has seen a decline of 1.11%, contrasting with a 1.61% increase in the Sensex, while its year-to-date performance shows a decline of 8.41% against a 5.91% rise in the benchmark. The company's weak long-term fundamental strength, characterized by a low Return on Capital Employed (ROCE) of 5.15% and stagnant growth in net sales and operating profit, further exacerbates its current price movement. Additionally, the reliance on non-operating income for profit and the lack of domestic mutual fund investment suggest a lack of confidence in the stock's valuation.
In the broader market context, Ruby Mills' recent performance contrasts sharply with the Sensex, which has shown positive returns in both the short and long term. While Ruby Mills has generated a modest return of 3.84% over the past year, its profits have declined by 5.2%, indicating underlying issues that may deter investors. The stock's expensive valuation relative to its peers, combined with the absence of significant domestic mutual fund interest, suggests that market participants may be cautious about the stock's future potential, contributing to its recent price decline.