Why is Orissa Minerals falling/rising?

As of 13-Oct, Orissa Minerals Development Company Ltd is experiencing a decline in its stock price, currently at Rs 5,428.10, which reflects a decrease of Rs 149.85 or 2.69%. The stock has been losing value for the last three days, with a total drop of 3.98% during this period. It has also touched an intraday low of Rs 5,388.6. The stock's performance over the past week shows a significant decline of 6.42%, while its year-to-date performance is down by 23.84%. The company has reported negative results for the last three consecutive quarters, with net sales declining by 45.45% and a substantial fall in profits, indicating weak long-term fundamentals. Additionally, the stock is trading at a risky level compared to its historical valuations, and there has been a notable decrease in institutional investor participation, which may further contribute to the stock's downward trend.
In the broader market context, while the Sensex has shown a slight gain of 0.66% over the past week, Orissa Minerals has underperformed significantly, highlighting a stark contrast in performance. The company's returns over the past year have been particularly poor, with a decline of 40.42%, compared to the market's negative return of only 1.73%. This underperformance, coupled with the company's negative financial indicators and falling investor confidence, suggests that the stock is not only struggling in the short term but also facing challenges in regaining investor trust in the long run.