Why is Geekay Wires falling/rising?

As of 15-Oct, Geekay Wires Ltd is experiencing a decline in its stock price, currently at Rs 65.89, reflecting a decrease of -0.3 (-0.45%). The stock has underperformed significantly, with a 1-week return of -2.99% and a 1-month return of -12.32%. Today's performance indicates that it is trading lower than all key moving averages, and it is close to its 52-week low, just 4.1% away from Rs 63.19. The company has faced negative results for the last five consecutive quarters, with a notable decline in profit before tax and a high Debt to EBITDA ratio of 5.32 times, indicating a low ability to service debt. Furthermore, the stock has generated a return of -39.97% over the past year, while its profits have decreased by -17%, contributing to its poor long-term growth outlook.
In the broader market context, the Sensex has shown a positive return of +1.11% over the past week, contrasting sharply with Geekay Wires' negative performance. This disparity highlights the stock's struggle against the benchmark, as it has underperformed not only in the short term but also over the past three years, where it has lagged behind the BSE500 index. Despite a rise in investor participation, as indicated by a 64.47% increase in delivery volume, the overall sentiment remains negative due to the company's financial struggles and poor growth prospects, reinforcing the stock's downward trajectory.