Why is Gravity (India) falling/rising?

As of 30-Jun, Gravity (India) Ltd's stock price is currently flat at 6.00, with no change in percentage terms. The stock has underperformed its sector by 0.84% today, despite being higher than the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 8.54%, although it has shown a positive return of 10.91% over the last month and an impressive 30.15% over the past year, significantly outperforming the broader market's return of 3.95%. However, the company is facing challenges, including operating losses and weak long-term growth, with net sales declining at an annual rate of 40.99%. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 0.84% in the last quarter.
In the broader market context, while Gravity (India) has shown strong performance over the long term, its recent short-term performance has been negative compared to the Sensex, which has gained 2.09% in the past week. The stock's liquidity is adequate, but the negative EBITDA and poor EBIT to interest ratio indicate financial instability, which may be contributing to investor caution. The combination of rising investor participation and the stock's historical performance contrasts with the underlying financial weaknesses, suggesting that while there is some investor interest, the overall sentiment may be tempered by concerns about the company's long-term viability.