Why is Ideaforge Tech falling/rising?

As of 22-Sep, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at Rs 529.10, which reflects a decrease of Rs 6.8 or 1.27%. The stock has shown a mixed performance recently, with a 1-week return of +2.24% and a 1-month return of +5.96%, indicating some short-term recovery. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of -13.12% and a 1-year drop of -25.18%. Today's trading saw the stock reach an intraday high of Rs 556 but also dip to a low of Rs 518.6, with a weighted average price indicating more volume traded near the lower end. The company is facing substantial challenges, including operating losses, a negative EBITDA, and a weak ability to service its debt, which have contributed to its poor long-term growth prospects and declining investor participation.
In the broader market context, while the Sensex has shown a modest increase of +0.46% over the past week, Ideaforge Technology's recent short-term performance has outpaced this benchmark. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The decline in institutional investor participation, with a decrease in their stake by -0.97%, further highlights the lack of confidence in the company's fundamentals. Overall, the combination of negative financial results, falling sales, and weak investor sentiment has led to the stock's current downward trajectory.