Why is Inter Globe Fin falling/rising?

As of 03-Jul, Inter Globe Finance Ltd's stock price is currently at 61.45, reflecting a decrease of 3.55, or 5.46%. Today's price summary indicates that the stock opened with a gain of 2% but has since fallen, reaching an intraday low of Rs 60.52, which represents a decline of 6.89%. The stock has underperformed its sector by 4.94% and is trading below all its moving averages. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 44.19% compared to the 5-day average. Over the past year, the stock has generated a return of -29.37%, significantly underperforming the broader market, which has seen a return of 2.20%. The company is facing operating losses and has shown weak long-term fundamental strength, with negative EBITDA and declining profits, which further contribute to the stock's downward movement.
In the broader market context, while the stock has seen a short-term gain of 1.74% over the past week, it has still underperformed the benchmark index, Sensex, which has declined by only 0.62% during the same period. The stark contrast in performance over the longer term is evident, as the stock has dropped by 51.61% year-to-date, while the Sensex has gained 6.53%. This underperformance highlights the challenges facing Inter Globe Finance Ltd, particularly in light of its recent negative financial results and the overall market conditions, which have been more favorable for other stocks.