Why is GSS Infotech falling/rising?

As of 11-Aug, GSS Infotech Ltd is currently priced at Rs. 26.79, reflecting a slight increase of 0.1 (0.37%). The stock has recently hit a new 52-week low of Rs. 26.61 and has shown a trend reversal by gaining after four consecutive days of decline. However, it is trading below all its moving averages, indicating a bearish trend. The stock has underperformed significantly over various periods, with a year-to-date return of -56.43% and a one-year return of -69.90%. The company has reported negative results for the last three consecutive quarters, with operating losses and a return on equity of only 2.16%, which signifies low profitability. This weak financial performance, coupled with a negative EBITDA and a significant decline in net sales, contributes to the stock's overall downward pressure.
In the broader market context, GSS Infotech's short-term performance has been notably poor compared to the benchmark, as it has declined by 12.59% over the past week while the Sensex has only decreased by 0.51%. This consistent underperformance against the benchmark over the last three years further emphasizes the stock's struggles. Additionally, the falling investor participation, with a 23.18% drop in delivery volume, suggests a lack of confidence among investors. Overall, the combination of weak financial fundamentals, negative market sentiment, and poor relative performance against the benchmark indicates that GSS Infotech is facing significant challenges that are likely contributing to its recent price movements.