Why is Sangam India falling/rising?

As of 02-Jul, Sangam (India) Ltd is experiencing a decline in its stock price, currently at Rs 458.00, which reflects a decrease of Rs 10.7 or 2.28%. The stock has underperformed its sector by 2.5% today and has been on a downward trend for the last three days, accumulating a total loss of 5.88% during this period. Despite a strong performance over the past year with a return of 10.94%, the company has faced significant challenges, including a 21.3% decline in profits and negative results for the last ten consecutive quarters. The stock is trading at a discount compared to its peers, but its weak long-term fundamentals, including a high Debt to EBITDA ratio and low investor participation, contribute to the recent price drop.
In the broader market context, Sangam's short-term performance over the past week shows a gain of 4.42%, significantly outperforming the Sensex, which increased by only 0.79%. However, the recent decline in stock price amidst falling investor participation and negative financial results indicates a lack of confidence among investors. The company's weak long-term growth prospects and the absence of domestic mutual fund investment further highlight the challenges it faces, which may be influencing the current downward price movement despite its historical performance.