Why is Orissa Minerals falling/rising?

As of 26-Sep, Orissa Minerals Development Company Ltd's stock price is currently at Rs 4,817.00, reflecting a decrease of Rs 130.3 or 2.63%. The stock has been underperforming, having fallen for three consecutive days with a total decline of 6.23%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown poor performance over the past year, with a return of -45.71%, significantly worse than the benchmark's decline of -6.30%. The company's negative financial results, including a negative book value and a high debt-to-equity ratio, further contribute to its weak long-term fundamentals, leading to a lack of investor confidence.
In the broader market context, the stock's recent performance has been notably worse than the benchmark, as it has underperformed the market over the last year and in the short term, with a 1-week return of -1.00% compared to the Sensex's -2.66%. The decline in investor participation, particularly from institutional investors who have reduced their stake, suggests a lack of confidence in the company's future prospects. This is compounded by the company's negative earnings reports over the last three quarters, which have further eroded investor sentiment and contributed to the stock's downward trajectory.