Why is Goenka Diamond falling/rising?

As of 23-Jul, Goenka Diamond & Jewels Ltd is experiencing a decline in its stock price, currently at 0.90, reflecting a decrease of 0.03 or 3.23%. The stock has underperformed its sector by 3.26% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the delivery volume has significantly dropped by 69.54% compared to the 5-day average, indicating a lack of investor participation. Over the past week, the stock has decreased by 2.17%, and it has shown a substantial decline of 21.05% year-to-date. The company is facing operating losses and has a weak long-term fundamental strength, with net sales declining at an annual rate of 36.13% over the last five years, contributing to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Goenka Diamond's decline. This underperformance is further highlighted by the stock's year-over-year return of -25.62%, while the Sensex has gained 2.86% in the same period. The company's high debt to EBITDA ratio and negative EBITDA indicate a risky investment profile, which may deter potential investors and contribute to the stock's downward trend. Overall, the combination of poor financial performance, declining investor interest, and unfavorable comparisons to the benchmark has led to the stock's current falling price.