Why is Ganga Forging falling/rising?

As of 03-Jul, Ganga Forging Ltd's stock price is currently at Rs. 3.71, reflecting an increase of Rs. 0.1 or 2.77%. Despite this uptick, the stock has shown a significant decline over the past week and month, with returns of -7.02% and -11.03%, respectively. The stock hit a new 52-week low of Rs. 3.44 today, indicating ongoing challenges. However, there has been a notable rise in investor participation, with delivery volume increasing by 276.08% compared to the 5-day average. The stock is trading at a discount relative to its peers, but it has also faced substantial losses over the past year, with a return of -52.50% and a decline in profits by -27%. The weak long-term fundamentals, including a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, contribute to a negative outlook.
In the broader market context, Ganga Forging's performance has been underwhelming compared to the benchmark, with the Sensex showing a positive return of +3.52% over the past month. The stock's consistent underperformance against the benchmark over the last three years, coupled with its significant losses, highlights the challenges it faces in attracting investor confidence. While today's price movement shows a slight recovery, the overall trend remains concerning, especially given the company's flat results and poor long-term growth prospects.