Why is Ideaforge Tech falling/rising?

As of 02-Sep, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at 509.40, which reflects a decrease of 7.45 or 1.44%. The stock has underperformed its sector today by 1.53% and has shown a trend reversal after two consecutive days of gains. While the stock has performed positively over the past week and month, with returns of 7.75% and 17.44% respectively, it has struggled year-to-date with a decline of 16.35% and a significant drop of 28.34% over the past year. 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 showing a drastic decline of 82.44% in the latest six months. Additionally, the company's weak ability to service its debt and falling participation from institutional investors further exacerbate its negative outlook.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 2.58% year-to-date. While Ideaforge Technology Ltd has seen a short-term uptick in returns, the overall long-term performance remains below par, with significant underperformance against the BSE500 over the last three years, one year, and three months. The stock's liquidity appears adequate for trading, but the negative sentiment surrounding its fundamentals and the decline in institutional interest suggest a challenging environment for recovery.