Why is Goodricke Group falling/rising?

As of 08-Sep, Goodricke Group Ltd's stock price is currently at 194.40, reflecting a decline of 3.3, or 1.67%. The stock has underperformed its sector by 1.61% today, with an intraday low of Rs 192, indicating a significant drop of 2.88%. Over the past week, the stock has decreased by 1.77%, and it has shown a year-to-date decline of 32.92%, which is considerably worse than the Sensex's gain of 3.39%. The company's weak performance is further highlighted by a substantial drop in delivery volume, which fell by 76.77% compared to the 5-day average, and it is trading below all key moving averages. Additionally, the company has reported negative financial results, including a 24.9% decline in net sales and a significant drop in profit before tax, contributing to a perception of weak long-term fundamental strength.
Broader market context shows that Goodricke Group has consistently underperformed against the benchmark, with a negative return of 23.73% over the past year, while the Sensex has only slightly declined by 0.49%. This underperformance is compounded by the company's poor financial metrics, such as a negative EBIT to interest ratio and low return on equity, which signal weak profitability and financial health. The stock's historical valuation suggests it is trading at risky levels, and the negative operating profits further exacerbate investor concerns. Overall, the combination of poor financial performance, declining investor participation, and consistent underperformance against the market has led to the stock's current downward trajectory.