Why is Ruchi Infrastr. falling/rising?

As of 23-Jun, Ruchi Infrastructure Ltd's stock price is currently at 7.08, reflecting a decline of -0.21, or -2.88%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total return of -17.29% during this period. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. The company has also reported a drastic decline in profits, with a -75.4% drop over the past year, and has declared negative results for the last three consecutive quarters. This poor financial performance, coupled with a high Debt to EBITDA ratio of 4.60, suggests weak long-term fundamental strength, contributing to the stock's downward movement.
In the broader market context, Ruchi Infrastructure's performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of +0.12% over the past week. The stock's year-to-date return of -39.18% further highlights its underperformance compared to the overall market, which has gained +4.81% during the same period. The decline in promoter confidence, evidenced by a -9.67% reduction in their stake, may also reflect a lack of faith in the company's future prospects, further exacerbating the stock's negative trajectory. Overall, the combination of poor financial results, declining investor participation, and weak market sentiment has led to the stock's continued decline.