Why is Gautam Gems falling/rising?

As of 23-Sep, Gautam Gems Ltd is experiencing a decline in its stock price, currently at 4.25, which reflects a decrease of 0.04 or 0.93%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7% during this period. Additionally, it is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -56.28%, significantly underperforming against the benchmark, the Sensex, which has only declined by 3.33%. The company's weak fundamentals, highlighted by a negative growth rate in operating profits and a poor ability to service its debt, contribute to the stock's downward pressure.
In the broader market context, Gautam Gems has underperformed the Sensex over various time frames, including a 5.35% decline over the past week compared to the benchmark's slight drop of 0.34%. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting some investor interest despite the overall negative sentiment. However, the high percentage of pledged promoter shares adds to the stock's vulnerability in a falling market, further exacerbating its decline. Overall, the combination of weak financial performance, consistent underperformance against benchmarks, and market conditions has led to the stock's current downward trajectory.