Why is Ganga Forging falling/rising?

As of 23-Sep, Ganga Forging Ltd's stock price is currently at 3.72, reflecting an increase of 0.04 or 1.09%. The stock has outperformed its sector today by 1.9%, and while it is trading higher than the 20-day and 50-day moving averages, it remains below the 5-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.59%, but it has shown a positive return of 8.45% over the last month. Despite a significant drop of 54.96% over the past year, the stock is currently considered to have an attractive valuation with a return on capital employed (ROCE) of 3.2 and is trading at a discount compared to its peers. However, the company faces challenges such as operating losses, a high debt-to-EBITDA ratio of 5.67, and a low return on equity of 4.76%, which indicate weak long-term fundamental strength.
In the broader market context, Ganga Forging's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.28% over the past week. The stock's ability to attract investor participation is noteworthy, with a 29.86% increase in delivery volume compared to the 5-day average, suggesting some renewed interest. However, institutional investors have decreased their stake by 1.11% in the previous quarter, indicating a lack of confidence from more knowledgeable market participants. Overall, while there are some positive indicators in the short term, the long-term outlook remains concerning due to the company's financial struggles and underperformance relative to broader market trends.