Why is Ganga Forging falling/rising?

As of 30-Jun, Ganga Forging Ltd's stock price is currently at Rs. 3.91, reflecting a decrease of Rs. 0.1 or 2.49%. The stock has recently hit a new 52-week low of Rs. 3.83 and is underperforming its sector, with a performance decline of 2.49% today. Over the past week, the stock has experienced a total decline of 2.49%, and its year-to-date return stands at a significant drop of 43.50%. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 61.87% compared to the 5-day average. The company's weak fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 3.8 and a high Debt to EBITDA ratio of 4.56, further contribute to the stock's negative momentum.
In the broader market context, Ganga Forging's recent performance contrasts sharply with the Sensex, which has gained 2.18% over the past week. The stock has consistently underperformed against the benchmark, with a staggering decline of 49.48% over the last year compared to the Sensex's increase of 6.27%. This persistent underperformance, coupled with a lack of long-term growth and poor financial metrics, suggests that investor sentiment remains weak. The stock's attractive valuation relative to peers does not seem to be enough to offset the negative outlook driven by its declining profits and operational challenges.