Why is Sangam India falling/rising?

As of 04-Jul, Sangam (India) Ltd's stock price is currently at 454.00, reflecting a decline of 7.45 points or 1.61%. Today's performance indicates that the stock has underperformed its sector by 2.43%, with an intraday low of Rs 446, marking a decrease of 3.35%. Over the past week, the stock has seen a significant drop of 6.70%, although it has shown a positive return of 10.44% over the past month. Despite this recent downturn, the stock has generated a return of 10.61% over the past year. However, the company's profits have fallen by 21.3%, and it has declared negative results for the last ten consecutive quarters, contributing to a perception of weak long-term fundamental strength. The high Debt to EBITDA ratio of 3.51 times further raises concerns about its ability to service debt, which may deter investor confidence.
In the broader market context, while the Sensex has only declined by 0.74% over the past week, Sangam (India) Ltd's performance has been notably worse, indicating a lack of investor interest. The stock's liquidity is adequate, but the significant drop in delivery volume by 60.55% against the five-day average suggests waning investor participation. Additionally, domestic mutual funds hold no stake in the company, which could reflect a lack of confidence in its valuation or business prospects. Overall, the combination of poor financial results, high debt levels, and declining investor interest has contributed to the stock's recent decline, contrasting with the more stable performance of the broader market.