Why is Ganga Forging falling/rising?

As of 20-Oct, Ganga Forging Ltd's stock price is currently at 3.66, reflecting an increase of 0.04 or 1.1%. Despite this slight uptick, the stock has shown a negative performance trend over various periods, with a one-week return of -1.61% and a year-to-date decline of -47.11%. Today's price summary indicates that the stock has outperformed its sector by 0.56%, although it is trading below several moving averages, including the 5-day and 20-day averages. The company is facing challenges, including a high Debt to EBITDA ratio of 5.67 times and a significant drop in profits, which have fallen by 138% over the past year. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the stock's long-term fundamentals.
Broader market context shows that while Ganga Forging has experienced a decline, the benchmark Sensex has performed positively, gaining 2.44% over the past week and 9.30% year-to-date. This stark contrast highlights the stock's underperformance relative to the broader market. The company's weak long-term fundamental strength, characterized by operating losses and low profitability, further exacerbates its challenges. Overall, despite a minor increase in price, the underlying factors suggest that Ganga Forging is struggling to maintain investor confidence and compete effectively in the market.