Why is Diligent Media falling/rising?

As of 28-Aug, Diligent Media Corporation Ltd is experiencing a slight decline in its stock price, currently at 4.75, reflecting a decrease of 0.01 or 0.21%. The stock has fallen after three consecutive days of gains, and its performance today is inline with the sector. Over the past week, the stock has shown a positive return of 1.28%, while the Sensex has declined by 2.34%. However, the stock's year-to-date performance is concerning, with a significant drop of 25.55%, indicating weak long-term fundamental strength, exacerbated by a negative book value and high debt levels. The company's recent financial results have also been disappointing, with a PAT of Rs -1.89 crore, which has fallen by 177.1%, and an EPS of Rs -0.16, marking the lowest point. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 66.71% against the five-day average.
In the broader market context, while the stock has outperformed the benchmark in the short term with a 1-week return of 1.28% compared to the Sensex's decline, its long-term performance remains troubling. The stock has underperformed significantly over the past year, with a return of -28.79% against the broader market's negative return of -5.01%. This underperformance, coupled with the company's weak financial indicators and high debt-to-equity ratio, paints a concerning picture for potential investors, suggesting that the stock may continue to face challenges moving forward.