Why is Diligent Media falling/rising?

As of 30-Jun, Diligent Media Corporation Ltd is experiencing a decline in its stock price, currently at 4.88, which reflects a decrease of 0.09 or 1.81%. The stock has underperformed its sector by 2.98% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 71.15% compared to the 5-day average. Over the past week, the stock has decreased by 1.81%, and its year-to-date performance shows a substantial decline of 23.51%. While the company reported positive growth in net sales and profits, the presence of a negative book value and high debt levels raises concerns about its long-term fundamental strength, contributing to the stock's recent downward movement.
In the broader market context, Diligent Media's performance contrasts sharply with the Sensex, which has gained 2.09% over the past week and 7.00% year-to-date. This underperformance indicates that while the overall market is experiencing growth, Diligent Media is struggling to keep pace. The stock's negative returns over the past year, coupled with its weak long-term growth metrics, suggest that investor sentiment is cautious, particularly given the company's high debt-to-equity ratio and negative book value. As a result, the stock's decline can be attributed to both its specific challenges and the stronger performance of the broader market.