Why is Ideaforge Tech falling/rising?

As of 04-Sep, Ideaforge Technology Ltd's stock is currently priced at Rs 497.90, reflecting a decline of Rs 18.6 or 3.6%. The stock has underperformed its sector by 3.02% today, with an intraday high of Rs 527.6 and a low of Rs 489.9. Over the past week, the stock has shown a positive return of 8.10%, but it has significantly underperformed over the longer term, with a year-to-date decline of 18.24% and a one-year drop of 29.32%. The company has reported poor financial performance, including negative operating profits and a significant decline in net sales and profit after tax, which has contributed to its weak long-term fundamental strength. Additionally, the stock is trading at risky levels compared to its historical valuations, and there has been a decrease in institutional investor participation, indicating a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has shown a slight increase of 0.80% over the past week, Ideaforge Technology's performance has been notably weaker, highlighting its struggles relative to the market. The stock's negative returns over the past year and its underperformance against the BSE500 in various time frames further emphasize its challenges. The combination of poor financial results, falling investor participation, and a lack of growth prospects has led to a decline in the stock price, contrasting with the more stable performance of the broader market.