Why is Gamco Ltd falling/rising?

As of 08-Oct, Gamco Ltd's stock price is currently at Rs 39.60, reflecting a decline of Rs 1.01 or 2.49%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 5.29% over the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a healthy long-term growth rate in operating profit of 54.51%, the company has faced significant challenges, including a 94.4% decline in profits over the past year, which has contributed to the stock's poor performance. Furthermore, while promoters have increased their stake by 0.74%, signaling confidence in the company, the overall sentiment remains negative due to poor management efficiency and consecutive negative quarterly results.
In the broader market context, Gamco Ltd's performance has been notably weaker compared to the benchmark Sensex, which has gained 0.98% over the past week. The stock's year-to-date return of -67.62% starkly contrasts with the Sensex's positive return of 4.65%, highlighting its underperformance in the market. Although there has been a rise in investor participation with a 66.6% increase in delivery volume, the overall market sentiment and the company's financial struggles have overshadowed these positive indicators, leading to a continued decline in the stock price.