Why is S.M. Gold falling/rising?

As of 15-Oct, S.M. Gold Ltd is currently priced at Rs. 14.41, reflecting an increase of Rs. 0.06 or 0.42%. The stock has recently hit a new 52-week low of Rs. 13.56 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.03%, and it has experienced a significant drop of 58.78% over the past year, indicating a poor performance relative to the market. Despite a recent rise in investor participation, with delivery volume increasing by 8.79% against the 5-day average, the overall sentiment remains negative due to a decrease in promoter holding to 33.91% and a high Debt to EBITDA ratio of 10.74 times, which suggests weak long-term fundamental strength.
In the broader market context, S.M. Gold's recent performance contrasts sharply with the Sensex, which has gained 1.02% over the past week. The stock's underperformance is further highlighted by its year-to-date return of -17.66%, while the benchmark has risen by 5.72% during the same period. The company's declining profits, which have fallen by 36.3%, and its negative returns over various time frames indicate a challenging environment for the stock, making it less attractive compared to its peers. Overall, the combination of weak fundamentals, declining promoter confidence, and significant underperformance against the benchmark contributes to the stock's current price movement.