Why is Gautam Gems falling/rising?

As of 24-Sep, Gautam Gems Ltd's stock price is currently at 4.20, reflecting a decrease of 0.07 or 1.64%. The stock has been on a downward trend, having underperformed its sector by 1.01% today and experiencing a consecutive fall over the last four days, resulting in an overall decline of 8.1% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish sentiment. Despite having a very attractive valuation with a low enterprise value to capital employed ratio and trading at a discount compared to peers, the company has faced significant challenges, including a 57.87% decline in returns over the past year and a 20% drop in profits. The weak long-term fundamentals, highlighted by a negative CAGR growth in operating profits and a poor EBIT to interest ratio, further contribute to the stock's struggles.
In the broader market context, Gautam Gems has consistently underperformed against the benchmark, with a 1-week return of -6.25% compared to the Sensex's -1.18%. This trend of underperformance extends over the past year and three years, where the stock has generated significantly negative returns while the benchmark has shown resilience. The high percentage of pledged promoter shares, at 57.93%, adds to the downward pressure on the stock in a falling market, indicating a lack of confidence among investors. Overall, the combination of weak financial performance, declining investor participation, and unfavorable comparisons to the benchmark are contributing to the stock's decline.