Why is Goa Carbon falling/rising?

As of 18-Jul, Goa Carbon Ltd's stock price is currently at 492.00, reflecting a decrease of 7.7 points or 1.54%. The stock has shown a mixed performance in recent periods, with a 2.71% increase over the past week and a 3.59% rise over the last month. However, it has significantly underperformed in the year-to-date and one-year periods, with declines of 28.23% and 35.63%, respectively. Today's performance indicates that the stock has underperformed its sector by 1.1%. Despite a notable increase in delivery volume, which rose by 209.59% against the 5-day average, the stock is still facing challenges due to negative financial results over the last five quarters, including a substantial decline in net sales and profit after tax. The company's ability to service debt is a positive factor, but the overall poor long-term growth and negative EBITDA position contribute to its current downward trend.
In the broader market context, while Goa Carbon has outperformed the Sensex in the short term, the overall long-term performance remains concerning. The stock's returns over the last three years are significantly lower than the benchmark, with a 9.01% increase compared to the Sensex's 49.96% rise. This underperformance, coupled with the company's negative financial indicators, suggests a lack of investor confidence, which is reflected in the stock's current price decline. The combination of poor earnings results and a weak growth outlook has led to a bearish sentiment surrounding the stock, despite some positive short-term trading metrics.