Why is GACM Tech falling/rising?

As of 31-Jul, GACM Technologies Ltd's stock price is currently at Rs. 0.55, reflecting a decrease of Rs. 0.02 or 3.51%. The stock has recently hit a new 52-week low and has been on a downward trend, having fallen consecutively for the last five days, resulting in a significant 19.12% decline over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite the company reporting impressive growth in net profit and positive results over the last three quarters, the stock's performance remains weak, with a staggering 56.69% decline over the past year. Furthermore, while promoters have increased their stake, indicating confidence in the company's future, the overall weak long-term fundamental strength, reflected in an average Return on Equity (ROE) of 4.86%, raises concerns among investors.
In the broader market context, GACM Technologies Ltd has underperformed significantly compared to the Sensex, which has only declined by 1.22% over the past week. The stock's performance over the last month shows a drastic 45.54% drop, contrasting sharply with the Sensex's 3.00% decline. This stark difference highlights the challenges GACM Technologies is facing, as it struggles to maintain investor interest amidst falling participation and liquidity issues. The negative sentiment surrounding the stock, combined with its poor short-term returns relative to the benchmark, suggests that investors are cautious, leading to the current price decline.