Why is Global Surfaces falling/rising?

As of 04-Jul, Global Surfaces Ltd is currently priced at 114.35, reflecting an increase of 0.75 or 0.66%. Despite this recent uptick, the stock has shown a negative trend over the past week, with a decline of 2.22%, and a significant drop of 32.40% year-to-date. The stock has outperformed its sector by 0.58% today and has experienced consecutive gains over the last two days, totaling a return of 1.51%. However, it is trading below all key moving averages, indicating a bearish trend. Furthermore, the company has been facing operational challenges, including negative results for the last four consecutive quarters, with a notable decline in net sales and profitability metrics, which contributes to its perception as a risky investment.
In the broader market context, while Global Surfaces has outperformed its sector today, it has underperformed the benchmark Sensex significantly over the longer term, with a year-to-date return of -32.40% compared to the Sensex's gain of 6.77%. This underperformance is compounded by a lack of investor participation, as evidenced by a 64.23% drop in delivery volume compared to the five-day average. The company's weak long-term fundamentals, highlighted by operating losses and a low return on equity, further exacerbate its challenges in attracting investor confidence. Overall, while there is a slight positive movement in the stock price today, the underlying financial issues and broader market performance suggest a continued struggle for Global Surfaces Ltd.