Why is Ideaforge Tech falling/rising?

As of 12-Jun, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at Rs 554.75, which represents a decrease of Rs 25.0 or 4.31%. The stock has underperformed its sector today by 1.39% and has been on a consecutive downward trend for the last two days, with a total decline of 6.54% during this period. Additionally, the stock has shown a significant negative performance over the past week, with a return of -9.86%, and has consistently underperformed against the benchmark, the Sensex, over the last year with a return of -18.99%. The company has reported operating losses and negative results for the last three consecutive quarters, contributing to a weak long-term fundamental strength, which is reflected in its declining net sales and negative EBITDA.
In the broader market context, while the Sensex has shown a slight increase of 0.31% over the past week, Ideaforge's performance starkly contrasts this trend, highlighting its struggles. The electronics components sector, in which the company operates, has also seen a decline of 2.69%. Furthermore, there has been a notable decrease in institutional investor participation, with a reduction of 0.77% in their stakes, indicating a lack of confidence in the company's prospects. This combination of poor financial performance, declining investor interest, and sector-wide challenges has contributed to the stock's recent downward movement.