Why is Ganges Securitie falling/rising?

As of 29-Jul, Ganges Securities Ltd is experiencing a slight increase in its stock price, currently at 156.30, reflecting a change of 0.7 or 0.45% upward. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it is trading below its 5-day, 20-day, 50-day, and 200-day moving averages, while remaining above the 100-day moving average. Despite a recent drop in delivery volume by 80.3% compared to the 5-day average, the stock's valuation appears fair with a Price to Book Value of 0.2. However, the company has reported operating losses and a weak long-term fundamental strength, which may contribute to investor caution, despite a significant profit increase of 57.1% over the past year.
In the broader market context, Ganges Securities has underperformed compared to the Sensex, with a 1-month return of -8.33% against the benchmark's -3.24%. This trend is consistent with its year-to-date performance, showing a decline of 22.28% while the Sensex has gained 4.09%. The stock's recent performance aligns with a general trend of falling investor participation, which could indicate a lack of confidence among investors. Overall, while there are some positive indicators such as profit growth and a relatively low PEG ratio, the negative factors surrounding operating losses and poor long-term growth prospects are likely influencing the stock's recent movements.