Why is Ideaforge Tech falling/rising?

As of 23-Jul, Ideaforge Technology Ltd's stock price is currently at Rs 501.00, reflecting a decline of Rs 43.45 or 7.98%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 8.65% during this period. It opened with a loss of 5.21% today and reached an intraday low of Rs 500. The stock has shown significant underperformance over various time frames, with a 1-week return of -10.45%, a 1-month return of -20.68%, and a year-to-date return of -17.73%. The company has been facing operational challenges, including negative net sales growth and operating losses, which have contributed to a weak long-term fundamental strength. Additionally, the stock is trading at risky valuations, with a negative EBITDA and a significant drop in institutional investor participation.
In the broader market context, while the Sensex has shown a slight increase of 0.11% over the past week, Ideaforge Technology Ltd has significantly lagged behind, indicating a stark contrast in performance. The stock has underperformed the market over the last year, generating a return of -36.58% compared to the BSE500's positive return of 1.79%. This disparity highlights the challenges faced by the company, particularly in light of its recent negative financial results and declining investor confidence.