Why is Indergiri Fin. falling/rising?

As of 21-Jul, Indergiri Finance Ltd is experiencing a decline in its stock price, currently at Rs 19.51, which represents a decrease of 1.02 or 4.97%. The stock has underperformed its sector by 5.83% today and opened with a loss of 4.48%. It has also touched an intraday low of Rs 19.51. Over the past week, the stock has seen a significant drop of 9.93%, and its performance over the last month shows a decline of 25.99%. The company is facing substantial operating losses, with a negative annual growth rate of operating profit at -182.83%. Recent financial results indicate a sharp fall in profit after tax and other key metrics, contributing to a negative EBITDA and a risky investment profile. In the broader market context, the Sensex has shown minimal movement, with a decline of only 0.06% over the past week. This stark contrast highlights the underperformance of Indergiri Finance Ltd, which has generated a return of -60.18% over the past year compared to the Sensex's positive return of 1.98% in the same period. The stock's long-term performance is also concerning, as it has underperformed the BSE500 index over the last three years, one year, and three months. The combination of poor financial health, significant losses, and weak investor confidence has led to the stock's current downward trajectory.