Why is Digjam falling/rising?

As of 04-Sep, Digjam Ltd's stock price is currently at Rs 56.80, reflecting a decrease of Rs 2.95 or 4.94%. The stock has underperformed its sector by 3.87% today and has experienced a trend reversal after two consecutive days of gains. It opened with a significant loss of 4.59% and reached an intraday low of Rs 56.80. Over the past week, the stock has slightly declined by 0.18%, while it has shown a modest increase of 0.64% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 11.32% and a staggering 34.71% drop over the past year. The company is facing challenges such as high debt, with a Debt-Equity Ratio of 10.6 times, and poor long-term growth, as evidenced by a negative EBITDA and a substantial decline in profits over the past year.
In the broader market context, the Sensex has shown a positive return of 0.80% over the past week and a 3.30% increase year-to-date, indicating that the overall market is performing better than Digjam Ltd. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation and liquidity issues, further exacerbates its challenges. The combination of high debt levels, weak fundamental strength, and negative earnings growth contributes to the stock's downward movement, making it a risky investment compared to its historical valuations.