Why is Goa Carbon falling/rising?

As of 16-Jul, Goa Carbon Ltd's stock price is currently at 492.90, reflecting a decrease of 2.6 points or 0.52%. The stock has underperformed its sector by 1.54% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has shown a modest increase of 1.80%, while it has underperformed the benchmark Sensex, which declined by 1.08%. The company has a low Debt to EBITDA ratio of 0.80 times, indicating a strong ability to service its debt. However, it has reported negative results for the last five consecutive quarters, with significant declines in net sales and profits, contributing to a poor long-term growth outlook.
In the broader market context, Goa Carbon's recent performance contrasts with the benchmark, as it has generated a return of -28.10% year-to-date, while the Sensex has increased by 5.75%. The stock's performance over the last year has also been disappointing, with a decline of 35.57%, compared to the Sensex's modest gain of 2.38%. This underperformance in both the short and long term, coupled with negative EBITDA and a history of declining profits, positions the stock as a risky investment, further exacerbating its downward price movement.