Why is Ganga Forging falling/rising?

As of 18-Nov, Ganga Forging Ltd's stock price is currently at 3.24, reflecting a decrease of 0.07 or 2.11%. The stock has underperformed significantly, with a 1-week return of -3.28% and a 1-month return of -10.50%. Today's performance indicates that it has fallen below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the delivery volume has plummeted by 91.92% compared to the 5-day average, indicating a lack of investor interest. The company is facing substantial challenges, including operating losses, a high debt-to-EBITDA ratio of 4.56, and a negative EBITDA, which collectively contribute to its weak long-term fundamental strength. Recent financial results show a drastic decline in net sales and a significant drop in profit after tax, further exacerbating the stock's downward trajectory.
In the broader market context, Ganga Forging's performance contrasts sharply with the Sensex, which has gained 0.84% over the past week. The stock's year-to-date return of -53.18% starkly contrasts with the Sensex's positive return of 9.58%, highlighting its underperformance relative to the market. This trend of underperformance is evident over multiple time frames, including the last three years, where the stock has lagged behind the BSE500 index. The combination of poor financial results, declining investor participation, and a lack of liquidity suggests that Ganga Forging is facing significant headwinds, leading to its current decline in stock price.