Why is Goa Carbon falling/rising?

As of 29-Aug, Goa Carbon Ltd's stock price is currently at 436.35, reflecting a decline of 8.45 points or 1.9%. The stock has been on a downward trend, having underperformed its sector by 1.5% today and experiencing a consecutive fall for the last four days, resulting in a total decline of 5.99% over the past week. The stock opened with a loss of 2.2% today and reached an intraday low of Rs 432.8. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported negative results for the last six consecutive quarters, with significant declines in profit before tax and profit after tax, contributing to its poor long-term growth outlook. Furthermore, the stock has generated a return of -45.25% over the past year, while its operating profit has decreased at an alarming annual rate of -166.15% over the last five years.
In the broader market context, Goa Carbon's performance has been notably weaker compared to the benchmark Sensex, which has shown a slight decline of 1.84% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 36.35%, contrasting sharply with the Sensex's gain of 2.14% during the same period. The falling investor participation, as indicated by a significant drop in delivery volume, further reflects a lack of confidence among investors. Despite the company's strong ability to service debt, as evidenced by a low Debt to EBITDA ratio, the overall negative sentiment surrounding its financial performance and growth prospects has led to its current stock price decline.