Why is Gravity (India) falling/rising?

As of 16-Jul, Gravity (India) Ltd's stock price is currently at 6.10, reflecting a decrease of 0.05, or 0.81%. The stock has been underperforming, with a consecutive decline over the last three days, resulting in a total drop of 1.61% in the past week. Additionally, the stock's performance today has underperformed its sector by 1.34%. Despite a strong one-year return of 32.61%, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a drastic decline in net sales and operating profit over the past five years. Furthermore, a reduction in promoter confidence, with a decrease in their stake, may indicate a lack of faith in the company's future prospects.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 1.61% over the past week, while the Sensex has only fallen by 1.08%. The company's liquidity appears adequate for trading, but the falling investor participation, indicated by a 10.78% drop in delivery volume, raises concerns about ongoing interest in the stock. Overall, while Gravity (India) has shown impressive long-term returns, the current operational challenges and declining investor confidence are contributing to its recent price decline.