Why is Guj. Toolroom falling/rising?

As of 29-Jul, Gujarat Toolroom Ltd's stock price is currently at Rs. 1.09, reflecting an increase of Rs. 0.02 or 1.87%. The stock has recently shown signs of recovery, gaining after two consecutive days of decline, and it outperformed its sector by 1.31% today. However, it has also hit a new 52-week low of Rs. 1.06. Over the past week, the stock has decreased by 2.68%, and it has experienced a significant decline of 58.46% year-to-date. Despite these challenges, the company has demonstrated high management efficiency with a return on equity (ROE) of 52.94% and a low debt-to-equity ratio, which may provide some investor confidence. However, the stock's performance has been marred by a substantial drop in net sales and profits, leading to a negative sentiment surrounding its recent results.
In the broader market context, Gujarat Toolroom's short-term performance has been notably worse than the benchmark, with a 1-week decline of 2.68% compared to the Sensex's decline of only 1.03%. This underperformance is indicative of the stock's struggles relative to the market. The company has faced significant challenges, including a 62.99% fall in net sales and a history of negative results over the past nine quarters, which has contributed to a lack of investor confidence. Despite the recent uptick in price and increased trading volume, the overall long-term outlook remains bleak, as evidenced by the stock's substantial losses over the past year and its underperformance against broader indices.