Why is Diligent Media falling/rising?

As of 09-Sep, Diligent Media Corporation Ltd is experiencing a decline in its stock price, currently at 4.60, reflecting a decrease of 0.1 or 2.13%. The stock has underperformed its sector by 1.82% today and has fallen after two consecutive days of gains. It is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 67.91% compared to the 5-day average. The company has a negative book value and weak long-term fundamental strength, with net sales growing at an annual rate of only 56.57% and operating profit stagnant at 0%. The recent quarterly results showed a substantial decline in profit after tax, further contributing to the stock's downward movement.
In the broader market context, Diligent Media's short-term performance has been notably poor, with a 1-week return of -1.08%, contrasting sharply with the Sensex's gain of 1.18% during the same period. Over the past year, the stock has generated a return of -19.44%, while the benchmark has remained relatively flat with a -0.56% return. This underperformance is compounded by the company's high debt levels and negative EBITDA, indicating a risky investment compared to its historical valuations. Overall, the combination of weak financial performance, declining investor interest, and poor relative performance against the benchmark suggests that Diligent Media's stock price is under pressure.