Why is GFL falling/rising?

As of 14-Aug, GFL Ltd's stock price is currently at Rs 60.30, reflecting a decrease of Rs 1.61 or 2.6%. The stock has underperformed its sector by 1.94% today, reaching an intraday low of Rs 60.01, which is a decline of 3.07%. Over the past week, GFL has seen a return of -2.74%, and its performance over the last month is also negative at -5.14%. The stock has consistently underperformed against the benchmark, with a year-to-date return of -30.65% compared to the Sensex's positive return of 3.15%. The company's weak long-term fundamentals, highlighted by an average Return on Equity (ROE) of 0% and significant declines in net sales and operating profit over the last five years, contribute to the stock's downward movement. Additionally, the high debt-to-equity ratio of 3.03 times raises concerns about financial stability, further impacting investor sentiment.
In the broader market context, GFL's recent performance contrasts sharply with the benchmark, as it has consistently generated negative returns while the Sensex has shown positive growth. The stock's liquidity appears adequate for trading, but a decline in delivery volume by 7.67% against the five-day average indicates falling investor participation. This lack of interest, combined with the company's flat results and low cash reserves, suggests that investors are wary of GFL's long-term prospects, leading to continued selling pressure. Overall, the combination of poor financial performance, high debt levels, and underwhelming market returns has resulted in GFL's stock price decline.