Why is Gravity (India) falling/rising?

As of 04-Jul, Gravity (India) Ltd's stock price is currently at 5.82, reflecting a decline of 0.08 or 1.36%. The stock has underperformed its sector today by 2.18%, despite having a delivery volume that has increased by 15.76% compared to the 5-day average. Over the past year, the stock has generated a return of 16.63%, which is significantly higher than the market's return of 2.13%. However, the company faces challenges such as operating losses, a weak long-term fundamental strength, and a concerning decline in net sales and operating profit over the last five years. Additionally, a reduction in promoter confidence, indicated by a decrease in their stake, may further contribute to the stock's downward pressure.
In the broader market context, the stock's short-term performance has been negative, with a 3.00% decline over the past week, while the benchmark Sensex has only fallen by 0.74%. This underperformance in the short term contrasts with the stock's positive long-term return of 16.63% over the past year, suggesting that while it has performed well historically, current operational challenges and reduced promoter confidence are impacting investor sentiment negatively. The overall market sentiment appears to be more favorable, as evidenced by the Sensex's 3.01% gain over the past month, further highlighting Gravity (India) Ltd's struggles in comparison to the broader market.