Why is Go Fashion (I) falling/rising?

As of 24-Sep, Go Fashion (India) Ltd is experiencing a decline in its stock price, currently at 704.00, reflecting a decrease of 9.25 points or 1.3%. The stock has underperformed its sector by 1.6% today and has been on a downward trend for the last three days, accumulating a total loss of 4.81% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Go Fashion has generated a return of -46.77%, significantly underperforming against the benchmark, while its profits have only increased by 2.3%. The company's low Debt to EBITDA ratio of 1.00 times suggests a strong ability to service debt, but the overall poor long-term growth and consistent underperformance against benchmarks have negatively impacted investor sentiment.
In the broader market context, Go Fashion's short-term performance of -2.90% over the past week contrasts with the Sensex's decline of only -1.18%, highlighting a significant underperformance relative to the market. The stock's year-to-date performance shows a stark decline of -25.70%, while the Sensex has gained 4.58% in the same period. This disparity indicates that investor confidence in Go Fashion is waning, particularly in light of its high institutional holdings at 44.24%, which typically reflect a more analytical approach to investment decisions. The combination of flat results and a low Debtors Turnover Ratio further exacerbates concerns about the company's growth prospects, contributing to the stock's downward trajectory.