Why is Golden Tobacco falling/rising?

As of 14-Jul, Golden Tobacco Ltd is experiencing a decline in its stock price, currently at Rs 35.01, which reflects a decrease of Rs 1.47 or 4.03%. The stock has underperformed its sector by 5.2% today, reaching an intraday low of Rs 34.66. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown significant underperformance over various time frames, with a 1-week return of -4.34% and a year-to-date return of -10.69%. The company has not declared results in the last six months, contributing to a perception of weak long-term fundamental strength. The negative financial indicators, including a substantial decline in net sales and a high debt-to-equity ratio, further exacerbate investor concerns.
In the broader market context, the Sensex has shown a slight decline of 1.42% over the past week, which is less severe than Golden Tobacco's performance. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in delivery volume, suggests a lack of investor confidence. The company's poor growth metrics and the absence of recent financial results position it as a risky investment, leading to its current downward trajectory.