Why is Diligent Media falling/rising?

As of 19-Aug, Diligent Media Corporation Ltd is currently trading at a price of 4.72, with no change in price (0.00%) as of the latest update. The stock has shown a significant decline over various periods, with a 1-week return of -4.65%, a 1-month return of -5.22%, and a year-to-date return of -26.02%. Today's price performance is inline with the sector; however, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 46.96% compared to the 5-day average. The company is facing challenges, including a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength.
In the broader market context, while the Sensex has shown a positive return of +1.76% over the past week, Diligent Media's performance has been considerably worse, indicating a significant underperformance compared to the benchmark. Over the last year, the stock has declined by -38.22%, contrasting sharply with the BSE500's negative return of only -0.91%. This stark difference highlights the company's struggles, particularly in light of its flat results in June and negative EBITDA, which further positions the stock as risky in comparison to its historical valuations.