Why is Ideaforge Tech falling/rising?

As of 28-Aug, Ideaforge Technology Ltd's stock is currently priced at Rs 460.60, reflecting a decline of Rs 12.15 or 2.57%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total drop of 7.76% during this period. Today's performance indicates that it has underperformed its sector by 3.87%. Over the past week, the stock has decreased by 0.49%, while it has shown a slight increase of 1.54% over the past month. However, the stock has experienced significant declines year-to-date and over the past year, with returns of -24.37% and -35.18%, respectively. The company's financial health is concerning, as it has reported operating losses and negative results for the last four consecutive quarters, with net sales and profit after tax both declining sharply.
In the broader market context, the Sensex has declined by 2.34% over the past week, indicating that while Ideaforge Technology Ltd is also falling, it has outperformed the benchmark slightly in this timeframe. However, the stock's long-term performance remains troubling, with a significant drop in institutional investor participation and a weak ability to service its debt, contributing to its negative outlook. The stock's liquidity is adequate for trading, but the overall sentiment remains bearish due to its poor financial fundamentals and the lack of confidence from institutional investors, which further exacerbates its price decline.