Why is Impex Ferro Tech falling/rising?

As of 08-Jul, Impex Ferro Tech Ltd is experiencing a decline in its stock price, currently at 2.15, which reflects a decrease of 0.04 or 1.83%. The stock has underperformed its sector by 1.14% today and has been on a downward trend, losing 6.52% over the last two days. It is trading below all key moving averages, indicating a bearish sentiment. Additionally, the company has not declared results in the last six months, and its long-term fundamentals are weak, with net sales declining at an annual rate of 22.72% and operating profit plummeting by 190.42% over the past five years. The stock has also consistently underperformed against the benchmark, with a staggering 41.10% decline over the last year.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting sharply with Impex Ferro Tech's 7.73% decline during the same period. This significant underperformance highlights the stock's struggles relative to the market. Furthermore, the company's high debt levels and lack of recent financial results contribute to its risky profile, making it less attractive to investors. The falling investor participation, evidenced by a 77.33% drop in delivery volume compared to the five-day average, further underscores the lack of confidence in the stock, leading to its current downward trajectory.