Why is Ruchi Infrastr. falling/rising?

As of 30-Jul, Ruchi Infrastructure Ltd's stock price is currently at 7.33, reflecting a decline of 0.16, or 2.14%. The stock has underperformed its sector today by 2.69%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 2.91%, and it has shown a significant decline of 54.16% over the past year, indicating a troubling trend. The company's financial performance has also been poor, with a 75.4% drop in profits over the last year and negative results for the last three consecutive quarters, leading to a weak long-term fundamental strength characterized by a -7.48% CAGR growth in net sales over the past five years.
In the broader market context, Ruchi Infrastructure's performance has been notably worse than the benchmark, with the Sensex showing a decline of only 1.50% over the same week. This stark contrast highlights the company's struggles, particularly as it has underperformed the BSE500 over the last three years, one year, and three months. The reduction in promoter confidence, evidenced by a 1.72% decrease in their stake, further exacerbates concerns about the company's future prospects. Overall, the combination of poor financial results, declining investor confidence, and significant underperformance relative to the market contributes to the stock's downward movement.