Why is Guj. Toolroom falling/rising?

As of 07-Jul, Gujarat Toolroom Ltd's stock is currently priced at Rs. 1.19, reflecting a decrease of Rs. 0.02 or 1.65%. The stock has hit a new 52-week low of Rs. 1.18 today and has been on a downward trend, losing 3.25% over the past week and underperforming its sector by 1.28%. The stock has also been trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, the company has reported a significant decline in net sales and profits, with a 62.99% drop in net sales and a staggering 95.79% decrease in profit after tax over the last six months. Despite having a high return on equity and attractive valuations compared to peers, the persistent negative results over nine consecutive quarters have contributed to the stock's poor performance.
In the broader market context, Gujarat Toolroom's performance has been notably worse than the benchmark, with a year-to-date decline of 54.65% compared to a 6.79% gain in the Sensex. Over the past year, while the stock has generated a return of -46.61%, the broader market has seen a modest increase of 4.31%. This stark contrast highlights the company's struggles relative to the overall market, further exacerbated by falling investor participation and liquidity concerns. The stock's inability to recover amidst these challenges suggests a lack of confidence from investors, reinforcing the downward trajectory observed in its recent price movements.