Why is GSS Infotech falling/rising?

As of 01-Aug, GSS Infotech Ltd is currently priced at Rs 30.21, reflecting a decrease of Rs 0.34 or 1.11%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 5% during this period. It is also trading close to its 52-week low, just 0.7% away from that threshold. Over the past week, the stock has underperformed the benchmark Sensex, with a decline of 3.17% compared to the Sensex's drop of 1.06%. Additionally, the company has reported significant operating losses, with a return on equity averaging only 2.16%, indicating low profitability. The latest financial results show a substantial decline in net sales and profit after tax, both decreasing by 25.43%, which further underscores the company's weak long-term fundamental strength.
In the broader market context, GSS Infotech's performance has been notably poor compared to the Sensex and other benchmarks, with a staggering 67.52% decline over the past year, while the benchmark has only decreased by 1.55%. This consistent underperformance over the last three years, coupled with negative operating profits and a significant drop in profits by 113.6%, positions the stock as risky compared to its historical valuations. Despite a slight increase in investor participation, as indicated by a rise in delivery volume, the overall sentiment remains negative due to the company's ongoing financial struggles and lack of profitability.