Why is Gorani Industrie falling/rising?

As of 14-Nov, Gorani Industries Ltd is experiencing a decline in its stock price, currently at Rs 68.13, which represents a decrease of Rs 2.67 or 3.77%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 9.03%. It opened today with a loss of 3.95% and reached an intraday low of Rs 68. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 83.58% compared to the five-day average, suggesting a lack of investor interest. Over the past year, the stock has generated a return of -33.95%, with profits plummeting by 60.3%, reflecting weak fundamentals and a high Debt to EBITDA ratio of 2.97 times.
In the broader market context, Gorani Industries' short-term performance has been notably weaker than the benchmark, with a one-week return of -3.38% compared to the Sensex's gain of 1.62%. This consistent underperformance against the benchmark over the last three years further highlights the stock's struggles. While the company has an attractive valuation with a return on capital employed (ROCE) of 8.4 and trades at a discount to its peers, the overall sentiment remains negative due to its inability to generate positive returns and service its debt effectively. The combination of these factors contributes to the stock's declining price and investor confidence.