Why is Sangam India falling/rising?

As of 16-Sep, Sangam (India) Ltd's stock is currently priced at 393.75, reflecting a decline of 5.25 points or 1.32%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decrease of 1.75% during this period. Additionally, the stock's performance today has underperformed its sector by 2.77%. Over the past week, Sangam's stock has shown a return of +7.17%, but it has struggled in the longer term, with a year-to-date return of -4.89% and a one-year return of -9.37%. The company has faced significant challenges, including a high Debt to EBITDA ratio of 3.51 times, which indicates a low ability to service debt, and a substantial decline in profits of -49% over the past year. Furthermore, the stock has consistently underperformed against benchmarks, leading to a lack of confidence among domestic mutual funds, which hold no stake in the company.
In the broader market context, while the Sensex has gained +1.58% over the past week, Sangam's stock has not kept pace, highlighting its relative weakness. The stock's performance over the last three years has also been disappointing, with a return of +24.43% compared to the benchmark's +40.01%. This consistent underperformance, coupled with negative financial results over the last 11 quarters, has contributed to a decline in investor participation, as evidenced by a 17.85% drop in delivery volume. The combination of these factors suggests that investor sentiment remains cautious, leading to the stock's current downward trajectory.