Why is GE Power falling/rising?

As of 04-Sep, GE Power India Ltd's stock price is currently at 360.00, reflecting a decrease of 7.0 points or 1.91%. The stock has underperformed its sector today by 1.16% and has experienced a trend reversal, falling after two consecutive days of gains. The stock touched an intraday low of Rs 352, indicating a decline of 4.09%. Over the past week, the stock has shown a positive return of 2.59%, and a notable increase of 15.55% over the past month, despite a year-to-date decline of 5.31%. The company's weak long-term fundamentals, characterized by operating losses and a poor EBIT to Interest ratio of -2.82, contribute to the negative sentiment surrounding the stock. Additionally, the decline in institutional investor participation, with a decrease of 1.68% in their stakes, further exacerbates the stock's challenges.
Broader market context indicates that while the BSE500 index has generated negative returns of 4.38% over the past year, GE Power's stock has significantly underperformed with a return of -15.33%. This stark contrast highlights the stock's struggles relative to the broader market. Despite trading above its moving averages, the stock's liquidity remains adequate for trading, but the overall sentiment is dampened by its negative EBITDA and low profitability per unit of shareholders' funds. The combination of these factors suggests that the stock's recent decline is influenced by both company-specific issues and its inability to keep pace with the broader market trends.