Why is GACM Tech falling/rising?

As of 01-Aug, GACM Technologies Ltd is currently priced at Rs. 0.55, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs. 0.53 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has declined by 15.38%, and it has experienced a significant drop of 45.54% over the past month. Despite these declines, the company reported outstanding results with a net profit growth of 825.71% in June and has shown positive results for the last three consecutive quarters. Additionally, promoter confidence has increased, with a 3.26% rise in their stake, reflecting optimism about the company's future.
In the broader market context, GACM Technologies Ltd's performance has been notably worse than the benchmark Sensex, which has only declined by 1.06% over the past week. The stock's year-to-date return is down 29.49%, contrasting sharply with the Sensex's gain of 3.15%. This significant underperformance, coupled with a 61.41% drop in delivery volume, suggests a lack of investor interest, which may further pressure the stock price. While the company has shown strong profit growth and attractive valuations compared to peers, the overall weak long-term fundamental strength, indicated by an average return on equity of 4.86%, raises concerns about its sustainability in the current market environment.