Why is Global Surfaces falling/rising?

As of 23-Jun, Global Surfaces Ltd is experiencing a decline in its stock price, currently at Rs 119.30, reflecting a decrease of Rs 2.2 or 1.81%. The stock has been underperforming significantly, with a consecutive fall over the last nine days, resulting in a total decline of 13.77%. Today's performance indicates that it has underperformed its sector by 3.49%. Additionally, the stock has shown poor returns over various periods, including a year-to-date decline of 29.47% and a staggering 46.22% drop over the past year. The company has reported negative results for the last four consecutive quarters, with operating losses and a return on equity of only 4.98%, indicating weak profitability. The lack of domestic mutual fund investment further suggests a lack of confidence in the company's prospects.
In the broader market context, the Sensex has shown a slight positive return of 0.12% over the past week, contrasting sharply with Global Surfaces' 4.52% decline during the same period. While the ceramics, marble, granite, and sanitaryware sector has gained by 2.01%, Global Surfaces continues to struggle, highlighting its underperformance relative to both its sector and the broader market. The stock's liquidity appears sufficient for trading, but the significant drop in investor participation, with a 27.12% decrease in delivery volume, reflects waning interest and confidence among investors. Overall, the combination of negative financial results, poor historical performance, and lack of institutional support contributes to the stock's downward trajectory.