Why is Ideaforge Tech falling/rising?

As of 04-Aug, Ideaforge Technology Ltd is currently priced at 434.80, reflecting an increase of 1.95 (0.45%). The stock has shown a trend reversal by gaining after three consecutive days of decline, with today's performance outperforming its sector by 0.77%. However, despite this slight uptick, the stock has significantly underperformed over the past week and month, with returns of -4.14% and -26.50%, respectively. The company has been facing severe financial challenges, including operating losses and a negative EBITDA, which have contributed to a weak long-term fundamental strength. Additionally, the company has reported negative results for the last four consecutive quarters, with a notable decline in net sales and operating cash flow, leading to a risky investment profile.
In the broader market context, while the Sensex has shown a slight positive return of +0.16% over the past week, Ideaforge Technology's performance has been considerably worse, indicating a significant divergence from the market trend. The stock's year-to-date return of -28.60% starkly contrasts with the Sensex's positive return of +3.69%, highlighting its struggle to attract investor confidence. Furthermore, the decrease in institutional investor participation, which has fallen by 0.97%, suggests a lack of confidence in the company's future prospects, further exacerbating its challenges in the market.