Why is G G Engineering falling/rising?

As of 11-Jun, G G Engineering Ltd's stock price is currently at 0.54, reflecting a decline of 0.01 or 1.82%. The stock has hit a new 52-week low today and has been on a downward trend, experiencing consecutive losses for the last 18 days, resulting in a total drop of 27.03% during this period. Over the past week, the stock has underperformed its sector by 0.57%. In terms of returns, G G Engineering has significantly lagged behind the benchmark Sensex, with a year-to-date decline of 69.32% compared to the Sensex's gain of 5.60%. The company is facing operational challenges, including high debt levels and negative EBITDA, which contribute to its weak long-term fundamental strength and inability to service debt effectively.
In the broader market context, the stock's performance has been starkly negative compared to the Sensex, which has gained 1.87% over the past week while G G Engineering has dropped 8.47%. The company's financial results have shown a substantial decline, with a profit before tax falling by 114.17% and a net profit after tax decreasing by 103.3%. Despite a rise in investor participation, indicated by an increase in delivery volume, the overall sentiment remains bearish due to the company's operating losses and high debt-to-EBITDA ratio. This combination of factors has led to a perception of risk surrounding the stock, reinforcing its status as a strong sell.