Why is GSS Infotech falling/rising?

As of 18-Jul, GSS Infotech Ltd is experiencing a slight decline in its stock price, currently at Rs 32.32, reflecting a decrease of -0.05 or -0.15%. The stock has been underperforming, having fallen for the last two days, resulting in a total return of -2.47% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, being only 2.23% away from Rs 31.6. The company has reported significant operating losses, with a return on equity of just 2.16%, indicating low profitability. Over the past year, the stock has generated a return of -65.48%, while its profits have decreased by -113.6%, contributing to a perception of weak long-term fundamental strength.
In the broader market context, GSS Infotech's short-term performance contrasts sharply with the benchmark, as it has gained 1.48% over the past week while the Sensex has declined by -0.90%. However, the company's longer-term performance remains concerning, with a year-to-date decline of -47.44% compared to a 4.63% increase in the benchmark. This consistent underperformance against the BSE500 over the last three years, coupled with a significant drop in investor participation—evidenced by a 36.54% decrease in delivery volume—suggests a lack of confidence among investors. Overall, the combination of negative financial results, declining investor interest, and weak operational performance contributes to the stock's downward trajectory.