Why is Gautam Gems falling/rising?

As of 04-Aug, Gautam Gems Ltd is experiencing a decline in its stock price, currently at 4.40, reflecting a decrease of 0.15 or 3.3%. The stock has underperformed significantly today, with a performance that is 4.49% lower than its sector. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 4.35%, and it has seen a substantial decline of 45.95% over the past year. The company's financial health is concerning, as it has reported a 53% drop in profits while its net sales have fallen by 19%. Furthermore, a high percentage of promoter shares are pledged, which adds downward pressure on the stock price in a declining market.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting with Gautam Gems' negative performance. This highlights the stock's struggle to keep pace with the market, as it has underperformed the BSE500 across various time frames, including the last three years and one year. The company's weak long-term fundamentals, characterized by a negative CAGR growth in operating profits and a low return on equity, further exacerbate its challenges. Overall, the combination of poor financial results, high promoter share pledging, and significant underperformance relative to the market contributes to the stock's downward trajectory.