Why is Ideaforge Tech falling/rising?

As of 18-Jul, Ideaforge Technology Ltd's stock is currently priced at Rs 545.00, reflecting a decrease of Rs 12.6 or 2.26%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.12% during this period. Today's performance indicates that it has underperformed its sector by 1.55%. Over the past week, the stock has decreased by 3.83%, and it has shown a significant decline of 33.29% over the past year. The company's financial health is concerning, with operating losses and a negative EBITDA, as evidenced by a 66.6% drop in net sales in the most recent quarter compared to the previous four-quarter average. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the company's long-term fundamentals.
In the broader market context, while the Sensex has shown a slight decline of 0.90% over the past week, Ideaforge's performance has been significantly worse, highlighting its struggles relative to the market. The stock's year-to-date performance is also troubling, with a decline of 10.51% compared to a 4.63% gain in the Sensex. This stark contrast underscores the stock's inability to attract investor confidence, especially as it has consistently reported negative results over the last three quarters. The combination of poor financial performance, falling institutional participation, and substantial underperformance against the benchmark suggests that Ideaforge Technology Ltd is facing significant challenges that are driving its stock price down.