Why is Gorani Industrie falling/rising?

As of 02-Jul, Gorani Industries Ltd is experiencing a decline in its stock price, currently at Rs. 69.50, which reflects a decrease of Rs. 2.5 or 3.47%. The stock has hit a new 52-week low of Rs. 67.4 today, indicating significant downward pressure. It has underperformed its sector by 3.23% and has shown a substantial decline in returns over various periods, including a 34.03% drop over the past year and a staggering 62.43% decline over the last three years. The company's weak financial fundamentals, highlighted by a poor EBIT to Interest ratio and a significant drop in profits of 36.8%, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Gorani Industries' performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 0.79% over the past week and 2.50% over the past month. This consistent underperformance, coupled with a drastic reduction in investor participation—evidenced by a 76.08% drop in delivery volume—suggests a lack of confidence among investors. Despite the company's attractive valuation metrics, the overall weak long-term growth prospects and declining financial health have led to a bearish outlook for the stock, reinforcing its status as a strong sell.