Why is Sangam India falling/rising?

As of 04-Aug, Sangam (India) Ltd is experiencing a decline in its stock price, currently at Rs 392.85, reflecting a decrease of Rs 23.7 or 5.69%. The stock has underperformed significantly, with a consecutive fall over the last four days resulting in a total drop of 11.3%. Today's trading saw the stock reach an intraday low of Rs 385, and it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week and month shows declines of 7.80% and 13.47%, respectively. The company's financial health is concerning, with a high Debt to EBITDA ratio of 3.51 times and a significant drop in profits by 49% over the past year, which has contributed to the negative sentiment surrounding the stock. In the broader market context, Sangam's recent performance contrasts sharply with the Sensex, which has shown a slight increase of 0.16% over the past week. While the stock has generated a return of -4.66% over the last year, the benchmark has remained relatively flat with a return of 0.05%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future prospects. Overall, the combination of poor financial results, declining investor participation, and unfavorable comparisons to the benchmark has led to the stock's downward trajectory.