Why is GMM Pfaudler falling/rising?

As of 25-Sep, GMM Pfaudler Ltd's stock is currently priced at 1,072.30, reflecting a decline of 30.5 points or 2.77%. The stock has been underperforming significantly, having lost 7.43% over the last eight days, and it is trading below all key moving averages. The stock's performance over various periods shows a 1-week decline of 5.77%, a 1-month drop of 12.11%, and a year-to-date decrease of 9.43%. Additionally, the company's recent financial results have been disappointing, with a 52% drop in PAT and a 21.35% decrease in PBT, contributing to a negative sentiment among investors. Despite some positive factors such as high management efficiency and strong debt servicing ability, the stock's overall performance has been hindered by a significant fall in profits and consistent underperformance against benchmarks.
In the broader market context, GMM Pfaudler's short-term performance has been notably worse than the benchmark, with the Sensex declining only 2.23% over the same week. This stark contrast highlights the stock's struggle to attract investor confidence, especially given the high institutional holdings of 36.78%, which have not translated into positive price movements. The liquidity of the stock is also a concern, with a significant drop in delivery volume, indicating reduced investor participation. Overall, the combination of poor recent financial results, ongoing declines in stock price, and underperformance relative to the market has led to a negative outlook for GMM Pfaudler Ltd.