Why is Goenka Diamond falling/rising?

As of 29-Jul, Goenka Diamond & Jewels Ltd is currently priced at 0.86, showing no change (0.00%). The stock has underperformed in the short term, with a 1-week decline of 7.53% and a 1-month decrease of 6.52%. Today's performance indicates that it has outperformed its sector by 0.32%, but it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there is a notable decline in investor participation, with delivery volume falling by 3.22% against the 5-day average. The company is facing significant challenges, including operating losses and a poor long-term growth outlook, as evidenced by a -36.13% annual rate of net sales growth over the past five years and a high Debt to EBITDA ratio of -1.00 times.
In the broader market context, Goenka Diamond's performance has been significantly weaker compared to the Sensex, which has seen a year-to-date increase of 4.09%, while Goenka Diamond has declined by 24.56% in the same period. This stark contrast highlights the stock's struggles relative to the overall market. The company's negative EBITDA and weak long-term fundamental strength contribute to its risky profile, making it less attractive to investors. Despite a slight outperformance today, the overall trend and financial health suggest that the stock is likely to continue facing downward pressure.