Why is Agio Paper falling/rising?

As of 25-Jul, Agio Paper & Industries Ltd is currently priced at 5.10, showing no change (0.00%). The stock has underperformed significantly over the past month, with a decline of 28.97%, while the benchmark Sensex has only decreased by 1.56%. Today's trading performance indicates that the stock outperformed its sector by 1.55%, although it has been erratic, not trading on one day out of the last 20. It is also trading below all its moving averages, which suggests a bearish trend. Despite a rise in delivery volume by 32.92% on 24 July, the company faces significant challenges, including a high debt-to-equity ratio of 6.49 times, indicating weak long-term fundamental strength. The stock's negative EBITDA and flat results in March further contribute to its poor performance, with profits falling by 0% over the past year.
In the broader market context, Agio Paper's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.49% compared to the Sensex's -0.36%. This stark contrast highlights the stock's struggles relative to the overall market. The company's high debt levels and lack of growth in net sales and operating profit over the last five years suggest that investor confidence may be waning, contributing to the stock's downward trajectory. The combination of these stock-specific factors and the broader market context indicates a challenging environment for Agio Paper, reinforcing the perception of it being a strong sell.