Why is Impex Ferro Tech falling/rising?

As of 14-Jul, Impex Ferro Tech Ltd's stock price is currently at 1.97, reflecting a decrease of 0.03, or 1.5%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 6.19% during this period. It is trading below all its moving averages, indicating a bearish trend. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the company has reported poor growth metrics, with net sales declining at an annual rate of 22.72% and operating profit plummeting by 190.42% over the past five years. This consistent underperformance, particularly a staggering 46.47% drop in the last year, further contributes to the negative sentiment surrounding the stock.
In the broader market context, Impex Ferro Tech's short-term performance has significantly lagged behind the benchmark, with a 10.05% decline over the past week compared to a 1.42% drop in the Sensex. While the stock has seen a rise in delivery volume, suggesting increased investor participation, the overall liquidity remains low, and the stock is perceived as risky due to its lack of recent financial results. The persistent underperformance against the BSE500 over the last three years adds to the bearish outlook, making it a strong sell in the current market environment.