Why is Ganga Forging falling/rising?

As of 24-Jun, Ganga Forging Ltd's stock price is currently at Rs 4.03, reflecting a slight increase of Rs 0.02 or 0.5%. The stock has recently hit a new 52-week low of Rs 3.95, indicating ongoing struggles. It is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 5.62%, and it has underperformed significantly over the past year with a return of -49.12%. Despite an attractive valuation with a Return on Capital Employed (ROCE) of 3.8 and trading at a discount compared to peers, the stock's performance is hindered by a substantial decline in profits of 27% over the last year and a high Debt to EBITDA ratio of 4.56 times, indicating low ability to service debt.
In the broader market context, Ganga Forging's recent performance contrasts sharply with the Sensex, which has gained 0.77% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation—evidenced by a 26.29% decrease in delivery volume—suggests a lack of confidence among investors. This combination of weak long-term fundamentals, poor growth prospects, and a declining stock price relative to the market indicates that Ganga Forging is facing considerable challenges, contributing to its recent price movements.