Why is Gravity (India) falling/rising?

As of 09-Jul, Gravity (India) Ltd's stock price is currently at 6.20, reflecting a decrease of 0.1, or 1.59%. The stock has underperformed its sector today by 1.58% and has experienced a trend reversal, falling after two consecutive days of gains. Although the stock has shown a strong performance over the past year with a return of 35.37%, it has faced significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a -40.99% annual growth rate in net sales and a -216.33% operating profit over the last five years. Additionally, the reduction in promoter confidence, with a decrease of 0.84% in their stake, suggests a lack of faith in the company's future prospects.
In the broader market context, the stock's short-term performance over the past week has been notably positive at +9.73%, contrasting with the Sensex's modest gain of 0.15%. However, the stock's one-month performance shows a decline of 4.62%, while the Sensex has increased by 1.32%. This indicates that despite some recent gains, Gravity (India) Ltd is facing headwinds that may be contributing to its current price decline, particularly due to its weak financial fundamentals and reduced promoter confidence.