Why is GSS Infotech falling/rising?

As of 24-Jul, GSS Infotech Ltd's stock price is currently at Rs. 31.60, reflecting a decrease of -0.48 or -1.5%. The stock has recently hit a new 52-week low of Rs. 31.58 and has been on a downward trend, losing -3.01% over the last two days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent decline in its price. Additionally, the stock has shown significant underperformance, with a year-to-date return of -48.61% and a one-year return of -66.26%, which is considerably worse than the benchmark BSE500. The company is facing operational challenges, including negative sales growth and operating losses, which contribute to its weak long-term fundamental strength and low profitability.
In the broader market context, GSS Infotech's short-term performance has been notably poor compared to the benchmark, as it has declined by -2.38% over the past week while the Sensex has only decreased by -0.09%. The stock's liquidity is also a concern, with delivery volume dropping by -31.44% against the 5-day average, indicating falling investor participation. The majority of shareholders are non-institutional, which may affect the stock's stability. Overall, the combination of consistent underperformance, negative financial results, and weak investor interest suggests that GSS Infotech is facing significant challenges, leading to its current decline in stock price.