Why is Gourmet Gateway falling/rising?

As of 11-Aug, Gourmet Gateway India Ltd is experiencing a decline in its stock price, currently at 14.80, reflecting a decrease of 0.6 or 3.9%. The stock has underperformed its sector today by 4.59% and has been on a downward trend for the last two days, accumulating a total loss of 7.21% during this period. Over the past week, the stock has dropped by 7.79%, and its performance over the last month shows a significant decline of 12.43%. Additionally, the company's promoter holding has decreased to 46.94%, which may contribute to investor concerns. The stock's long-term fundamentals are weak, evidenced by a low return on equity of 4.35% and a troubling operating profit growth rate of -19.77%. The recent financial results indicate a substantial drop in profitability, with a PBT less OI of Rs -3.41 cr, further exacerbating the stock's negative sentiment.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date decline of 39.57% against a Sensex increase of 3.15%. This stark contrast highlights the stock's struggles, particularly as it has underperformed the BSE500 over various time frames, including the last three years and one year. The stock's current trading levels are below all significant moving averages, indicating a bearish trend. Despite a slight increase in delivery volume, the overall liquidity remains low, suggesting limited investor confidence. The combination of these factors paints a concerning picture for Gourmet Gateway, leading to its current downward trajectory.