Why is Ideaforge Tech falling/rising?

As of 18-Aug, Ideaforge Technology Ltd's stock is currently priced at 451.90, reflecting an increase of 3.0 or 0.67%. Despite this slight uptick, the stock has underperformed its sector today by 0.68%. Over the past week, it has seen a decline of 1.57%, and its performance over the last month shows a significant drop of 17.08%. The stock has also faced a troubling trend with a negative trajectory in net sales and operating profit over the last five years, leading to operating losses and a weak ability to service debt. The company has reported negative results for the last four consecutive quarters, with a particularly concerning drop in net sales and profit after tax, both declining by 82.44% in the latest six months. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the company's long-term fundamentals.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.83% over the past week. While Ideaforge Technology Ltd has shown a minor increase today, its overall year-to-date return is down by 25.80%, significantly underperforming the Sensex, which has risen by 4.01% in the same period. This disparity highlights the stock's struggles relative to the broader market, compounded by its poor long-term growth prospects and negative investor sentiment. The combination of these factors suggests that while there may be short-term fluctuations, the overall outlook for Ideaforge Technology Ltd remains challenging.