Why is Ideaforge Tech falling/rising?

As of 22-Jul, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at 544.45, which reflects a decrease of 4.0 points or 0.73%. The stock has underperformed its sector by 1.57% today and has shown a negative return of 3.22% over the past week and 5.19% over the past month. Additionally, the stock has been trading below its 5-day, 20-day, and 50-day moving averages, indicating a bearish trend. The company's recent performance has been troubling, with negative results reported for the last three consecutive quarters, including a significant drop in net sales and a negative operating profit. The company's weak long-term fundamentals, highlighted by a poor EBIT to Interest ratio and declining institutional investor participation, further contribute to the stock's downward movement.
In the broader market context, while the Sensex has shown a slight decline of 0.47% over the past week, Ideaforge's performance has been significantly worse, indicating a lack of investor confidence in the stock. The stock has underperformed the market over the past year, generating a return of -33.11% compared to the BSE500's positive return of 0.99%. This stark contrast emphasizes the challenges Ideaforge faces, including falling investor participation and a weak financial outlook, which are likely influencing its current price decline.