Why is Gourmet Gateway falling/rising?

As of 03-Jul, Gourmet Gateway India Ltd is experiencing a decline in its stock price, currently at 18.08, which reflects a decrease of 0.32 or 1.74%. The stock has underperformed its sector by 1.22% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 3.32%. Over the past week, the stock has decreased by 2.53%, while its performance over the last month shows a slight increase of 0.44%. However, the stock has significantly underperformed over the year, with a staggering decline of 62.25%. The company is facing weak long-term fundamentals, evidenced by a low return on equity of 4.35% and a concerning operating profit growth rate of -19.77%. Additionally, the stock's valuation appears expensive compared to its peers, trading at a price-to-book value of 3.9, which further dampens investor confidence.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 3.10% over the past month and 6.53% year-to-date. While the market has shown resilience, Gourmet Gateway's significant drop of 62.25% over the past year highlights its struggles in comparison to the BSE500, which has generated a modest return of 2.20% in the same timeframe. The falling investor participation, with a delivery volume that has decreased by 55% against the five-day average, indicates a lack of interest from investors, further contributing to the stock's downward trajectory.