Why is Ganga Forging falling/rising?

As of 24-Sep, Ganga Forging Ltd's stock price is currently at 3.76, reflecting an increase of 0.04 or 1.08%. The stock has shown a positive performance today, outperforming its sector by 2.84%. In terms of recent returns, the stock has gained 0.27% over the past week and 9.62% over the past month, despite a significant decline of 55.82% over the past year. The stock is trading at a discount compared to its peers, with an attractive valuation indicated by a return on capital employed (ROCE) of 3.2. However, the company has faced challenges, including operating losses and a high debt-to-EBITDA ratio of 5.67, which contribute to its weak long-term fundamental strength and low profitability.
Broader market context shows that while Ganga Forging has performed positively in the short term, it has underperformed the benchmark Sensex, which has seen a decline of 1.08% over the past week. The stock's year-to-date performance is notably poor, with a drop of 45.66%, contrasting sharply with the Sensex's gain of 5.97% during the same period. Additionally, the falling participation of institutional investors, who have reduced their stake by 1.11%, indicates a lack of confidence in the company's long-term prospects, further impacting its market performance.