Why is Ideaforge Tech falling/rising?

As of 26-Aug, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at Rs 472.75, which reflects a decrease of Rs 18.15 or 3.7%. The stock has underperformed its sector by 2.07% today and has been on a downward trend, falling for the last two days with a total drop of 5.33%. Over the past week, the stock has shown a slight increase of 2.97%, but it has significantly underperformed over the longer term, with a year-to-date decline of 22.37% and a one-year drop of 34.73%. The company has reported negative financial results consistently, with a substantial operating loss and a weak ability to service its debt, contributing to its poor long-term growth prospects.
In the broader market context, while the Sensex has shown a slight decline of 1.05% over the past week, Ideaforge's performance has been notably worse, indicating a lack of investor confidence. The stock's recent performance is further compounded by a decrease in institutional investor participation, which fell by 0.97% in the previous quarter, suggesting that more informed investors are pulling back from the stock. This trend, combined with the company's negative earnings reports and a significant drop in net sales and operating cash flow, paints a concerning picture for Ideaforge Technology Ltd, leading to its current price decline.