Why is Gorani Industrie falling/rising?

As of 14-Jul, Gorani Industries Ltd is experiencing a decline in its stock price, currently at Rs. 70.01, which reflects a decrease of Rs. 3.79 or 5.14%. The stock has hit a new 52-week low of Rs. 63.79 today, indicating significant downward pressure. Over the past week, the stock has underperformed with a return of -6.47%, while the Sensex has only declined by -1.42%. Additionally, the stock has shown a substantial year-to-date decline of -29.32%, contrasting sharply with the Sensex's gain of +5.27%. The company has also reported a weak financial performance, with profits falling by -36.8% over the past year, contributing to its negative sentiment in the market.
Broader Market Context: In the context of the broader market, Gorani Industries has consistently underperformed against the benchmark indices, with a notable -32.68% return over the last year compared to the Sensex's +2.15%. This trend of underperformance has persisted over the last three years, further eroding investor confidence. The stock's weak long-term fundamentals, including a poor EBIT to Interest ratio and low cash reserves, have compounded its challenges, leading to a perception of it being a strong sell. Despite a recent increase in investor participation, the overall market sentiment remains negative, exacerbating the stock's decline.