Why is Goenka Diamond falling/rising?

As of 24-Jun, Goenka Diamond & Jewels Ltd's stock price is currently at 0.92, reflecting a decrease of 0.01 or 1.08%. The stock has underperformed its sector today by 1.65%, and its delivery volume has significantly dropped by 73.17% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 6.12%, while it has remained flat over the past month. The company is facing operational losses and has shown poor long-term growth, with net sales decreasing at an annual rate of 36.13% over the last five years. Additionally, the high debt to EBITDA ratio of -1.00 times suggests a low ability to service debt, contributing to the stock's weak long-term fundamental strength.
In the broader market context, the Sensex has increased by 0.58% over the past week, contrasting with Goenka Diamond's decline. This underperformance highlights the stock's struggles relative to the benchmark. While the stock has generated a return of 5.75% over the past year, it is trading at risky valuations, especially given its negative EBITDA and flat results reported in March 2025. The combination of these factors indicates that the stock is facing significant challenges, leading to its current downward price movement.