Why is Ganga Forging falling/rising?

As of 01-Jul, Ganga Forging Ltd's stock price is currently at Rs. 3.81, reflecting a decrease of Rs. 0.1 or 2.56%. The stock has recently hit a new 52-week low of Rs. 3.71 and has underperformed its sector by 1.37%. Over the past week, the stock has declined by 5.46%, and it has shown a significant year-to-date drop of 44.94%. Despite a recent increase in delivery volume by 62.31%, the stock is trading below all key moving averages, indicating a bearish trend. The company's return on capital employed (ROCE) is low at 3.8, and its profits have decreased by 27% over the past year, contributing to a negative sentiment around the stock.
In the broader market context, Ganga Forging's performance has been notably weaker than the benchmark, with the Sensex gaining 1.99% over the past week while Ganga Forging has lost ground. The stock has consistently underperformed against the BSE500 over the last three years, with a staggering 51.59% decline in the past year alone. This consistent underperformance, coupled with weak long-term fundamentals such as a high debt-to-EBITDA ratio of 4.56 times and flat results in March 2025, suggests a lack of confidence among investors, further exacerbating the stock's decline.