Why is Orissa Minerals falling/rising?

As of 06-Nov, Orissa Minerals Development Company Ltd's stock price is currently at Rs 5,155.00, reflecting a decline of Rs 143.85 or 2.71%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.19% during this period. The stock's performance over the past week shows a decrease of 4.37%, while it has significantly underperformed the market over the last month with a decline of 11.13%. The company has reported negative results for the last three consecutive quarters, with net sales decreasing by 45.45% and a negative EBITDA, indicating weak long-term fundamental strength and high debt levels. Additionally, investor participation has decreased, as evidenced by a 20.93% drop in delivery volume compared to the five-day average.
In the broader market context, the stock has underperformed relative to the benchmark index, with the Sensex showing a modest gain of 1.86% over the past month while Orissa Minerals has experienced a substantial decline. Over the past year, the stock has generated a return of -37.85%, contrasting sharply with the market's positive return of 3.65%. This stark difference highlights the stock's ongoing struggles, driven by poor financial performance and a lack of investor confidence, contributing to its current downward trajectory.