Why is Digjam falling/rising?

As of 15-Sep, Digjam Ltd's stock price is currently at Rs 57.10, reflecting a decrease of Rs 1.9 or 3.22%. The stock has underperformed its sector by 3.52% today and has experienced a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 57.1, with trading volume skewed towards this lower price. Despite trading above its moving averages for various periods, the stock has shown a significant decline in investor participation, with a 32.9% drop in delivery volume compared to the five-day average. The company faces challenges with a high debt-to-equity ratio of 10.6 times, indicating weak long-term fundamental strength, and has reported poor financial results, including a negative EBITDA and a substantial drop in profits over the past year. In the broader market context, Digjam's short-term performance has been relatively better than the benchmark, with a 1-week return of 1.76% compared to the Sensex's 1.24%. However, the stock has consistently underperformed against the benchmark over the last three years, with a staggering 62.40% decline compared to a 36.46% increase in the benchmark. This consistent underperformance, coupled with a significant drop in profits and high debt levels, contributes to a negative outlook for the stock, leading to its current decline.