Why is Ideaforge Tech falling/rising?

As of 17-Jul, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at 557.60, which reflects a decrease of 1.85 points or 0.33%. The stock has underperformed significantly over the past week, with a return of -3.69%, while the benchmark Sensex has only declined by 1.12%. Over the past month, the stock has fallen by 6.06%, contrasting with a modest gain of 0.83% for the Sensex. Today's price summary indicates that the stock outperformed its sector by 0.37%, but it is trading below its 5-day and 20-day moving averages, despite being higher than its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 26.58% against the 5-day average. The company has reported operating losses and weak long-term fundamentals, with net sales declining at an annual rate of 5.50% and a concerning EBIT to interest ratio of -12.35. Furthermore, the company has declared negative results for the last three consecutive quarters, which has contributed to the stock's negative sentiment.
In the broader market context, Ideaforge Technology Ltd has significantly underperformed compared to the market over the past year, generating a return of -33.68% while the BSE500 index has seen a slight increase of 0.26%. This stark contrast highlights the challenges faced by the company, including a decrease in institutional investor participation, which has fallen by 0.77% in the previous quarter. The overall market sentiment appears to be more favorable than that of Ideaforge, as evidenced by the benchmark's positive performance, while the company's weak financial results and declining sales have led to a lack of confidence among investors.