Why is Indergiri Fin. falling/rising?

As of 14-Jul, Indergiri Finance Ltd's stock price is currently at Rs 21.66, reflecting a decrease of -1.13, or -4.96%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of -9.67% during this period. Additionally, the stock opened with a loss of -4.96% today and has not traded above this price level since. It is also trading below all its moving averages, indicating a bearish trend. The company's operating losses and weak long-term fundamentals, highlighted by a significant decline in profits and cash reserves, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Indergiri Finance Ltd's short-term performance has been notably poor, with a -14.18% return over the past week compared to a -1.42% decline in the Sensex. This stark contrast illustrates the stock's significant underperformance relative to the benchmark. Furthermore, the stock's long-term returns have been dismal, with a -56.66% return over the past year, which is considerably worse than the Sensex's +2.15% return in the same timeframe. The combination of these factors indicates that investor confidence is waning, leading to a decline in participation and liquidity in the stock.