Why is Ideaforge Tech falling/rising?

As of 24-Jul, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at Rs 486.70, which reflects a decrease of Rs 14.3 or 2.85%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 11.26% during this period. Additionally, the stock has shown significant negative returns over various time frames, including a 12.72% drop over the past week and a 23.01% decline over the past month. The company has reported poor financial results, including consecutive operating losses and a negative net sales growth rate of -30.89% over the last five years, contributing to its weak long-term fundamental strength. The recent financial performance has been particularly concerning, with a reported PAT of Rs -23.56 crore, which is a 51.3% decrease compared to the previous four-quarter average.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -39.25% against the Sensex's positive return of 2.54%. This stark contrast highlights the stock's struggles relative to the overall market. Furthermore, there has been a decrease in institutional investor participation, which fell by 0.97% in the previous quarter, indicating a lack of confidence from more knowledgeable investors. The stock's liquidity remains adequate for trading, but the overall sentiment is negative, compounded by the company's weak ability to service its debt and declining operating cash flow.