Why is Global Surfaces falling/rising?

As of 26-Jun, Global Surfaces Ltd is experiencing a decline in its stock price, currently at Rs 118.90, which represents a decrease of Rs 3.6 or 2.94%. The stock has underperformed its sector by 2.62% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 118, reflecting a drop of 3.67%. Over the past week, the stock has decreased by 2.78%, and its year-to-date performance shows a significant decline of 29.71%. The company has reported negative results for the last four consecutive quarters, with operating losses and a return on equity averaging only 4.98%, indicating low profitability. Additionally, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation or business prospects.
In the broader market context, the Sensex has increased by 2.94% over the past week, contrasting sharply with Global Surfaces' decline. This underperformance is evident as the stock has generated a return of -44.62% over the past year, while the benchmark has risen by 6.46% during the same period. The stock's trading below all major moving averages and a significant drop in delivery volume further highlight its weak position in the market. Overall, the combination of poor financial performance, lack of investor confidence, and unfavorable market conditions contributes to the stock's downward trajectory.