Why is Golden Tobacco falling/rising?

As of 22-Jul, Golden Tobacco Ltd's stock price is currently at 35.01, reflecting a decrease of 0.99, or 2.75%. The stock has underperformed its sector by 2.07% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.98%, and it has shown a significant drop of 19.52% over the past year, while the benchmark Sensex has gained 2.09%. The company has not declared results in the last six months, contributing to concerns about its weak long-term fundamentals, including high debt levels and poor growth in net sales and profit. Despite a rise in delivery volume, the overall sentiment remains negative due to these underlying issues.
In the broader market context, Golden Tobacco's short-term performance has been notably worse than the benchmark, which has only declined by 0.47% over the past week. This consistent underperformance against the benchmark over the last three years further highlights the stock's struggles. The company's lack of recent financial results and its high debt-to-equity ratio raise significant risks for investors, contributing to the stock's downward movement. Overall, the combination of weak financial performance, high debt, and negative market sentiment has led to the current decline in Golden Tobacco's stock price.