Why is Sangam India falling/rising?

As of 02-Sep, Sangam (India) Ltd's stock price is currently at 375.00, reflecting a decrease of 5.2, or 1.37%. The stock has underperformed its sector by 2.36% today, following a trend reversal after three consecutive days of gains. It opened with a significant loss of 5.31%, reaching an intraday low of Rs 360. Over the past week, the stock has shown a positive return of 7.17%, but it has struggled in the longer term, with a 12.51% decline over the past year and a 9.52% drop over the last month. The company's financial health is concerning, as it has reported negative results for the last 11 consecutive quarters, with a 61.2% decrease in PAT compared to the previous four-quarter average. Additionally, the high Debt to EBITDA ratio of 3.51 times indicates a low ability to service debt, contributing to investor apprehension.
Broader market context shows that while Sangam (India) Ltd has underperformed against the benchmark, the Sensex has experienced a slight decline of 0.78% over the past week. Despite the stock's long-term growth potential, evidenced by a healthy operating profit growth rate of 33.22%, its recent performance has been overshadowed by falling profits and a lack of confidence from domestic mutual funds, which hold no stake in the company. The stock's liquidity is adequate for trading, but the significant drop in delivery volume by 53.7% against the five-day average suggests waning investor interest, further contributing to the stock's decline.