Why is Inter Globe Fin falling/rising?

As of 29-Jul, Inter Globe Finance Ltd's stock price is currently at Rs 76.05, reflecting a decline of Rs 8.95 or 10.53%. The stock has underperformed its sector by 10.99% today, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 76, indicating significant selling pressure. The stock's performance over the past week shows a decline of 9.44%, while it has increased by 19.76% over the past month. However, the company is facing serious challenges, including operating losses and a weak long-term fundamental strength, with a staggering annual decline in operating profit of 223.96%. The negative results reported for the quarter ending March 25, including a 60.9% drop in net sales and the lowest recorded operating profit to net sales ratio, further exacerbate the stock's decline.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -21.22% against the BSE500's -2.26%. This stark contrast highlights the company's struggles relative to the overall market. Additionally, the falling investor participation, evidenced by an 89.03% drop in delivery volume, suggests a lack of confidence among investors. Despite the stock being liquid enough for trading, the negative EBITDA and poor long-term growth prospects contribute to its perception as a risky investment, leading to its current downward trajectory.