Why is Ideaforge Tech falling/rising?

As of 13-Oct, Ideaforge Technology Ltd is experiencing a decline in its stock price, currently at 471.10, which represents a decrease of 6.5 or 1.36%. The stock has underperformed its sector today by 0.45% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.67% during this period. Over the past week, the stock has decreased by 4.81%, and it has shown a significant decline of 22.64% year-to-date. The company has reported poor financial performance, with negative results for the last four consecutive quarters and a troubling operating loss. Additionally, the company's net sales and profit after tax have both decreased sharply, contributing to a weak long-term fundamental strength and a negative outlook. In the broader market context, while the Sensex has shown a slight increase of 0.66% over the past week, Ideaforge Technology Ltd's performance has been notably poor, with a year-over-year return of -31.16%, contrasting sharply with the Sensex's gain of 1.16%. The decline in institutional investor participation, with a decrease of 0.97% in their stake, further reflects a lack of confidence in the company's future prospects. This combination of underperformance relative to the benchmark and deteriorating financial health has led to a negative sentiment surrounding the stock, contributing to its current price decline.