Why is Ideaforge Tech falling/rising?

As of 26-Sep, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at Rs 499.65, which reflects a decrease of Rs 27.0 or 5.13%. The stock has underperformed its sector by 2.61% today and has been on a downward trend for the last two days, accumulating a total loss of 6.34%. Over the past week, the stock has decreased by 6.76%, while its performance over the last month shows a modest gain of 5.69%. However, the company has reported negative results for four consecutive quarters, with significant declines in net sales and operating profit, leading to a weak long-term fundamental strength. The company's operating losses and a poor EBIT to interest ratio further contribute to the stock's negative sentiment among investors.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only fallen by 2.66% over the past week. This indicates that Ideaforge Technology Ltd is underperforming relative to the overall market. Additionally, there has been a notable decrease in institutional investor participation, which has dropped by 0.97% in the previous quarter, suggesting a lack of confidence in the company's future prospects. The stock's liquidity remains adequate for trading, but the overall negative sentiment, driven by poor financial results and declining investor interest, continues to weigh heavily on its price movement.