Why is Diligent Media falling/rising?

As of 18-Sep, Diligent Media Corporation Ltd is experiencing a decline in its stock price, currently at 4.85, reflecting a decrease of 0.04 or 0.82%. The stock has underperformed its sector by 1.16% today, and its delivery volume has significantly dropped by 83.64% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 3.00%, while it has shown a modest increase of 2.75% over the past month. However, the stock's year-to-date performance is concerning, with a decline of 23.98%. The company is facing challenges such as a negative book value, weak long-term growth, and a high debt-to-equity ratio, which contribute to its poor performance.
In the broader market context, the Sensex has increased by 1.80% over the past week, contrasting with Diligent Media's decline, highlighting the stock's underperformance relative to the benchmark. While the stock has generated a return of -19.57% over the past year, the Sensex has only marginally increased by 0.08%, indicating a broader market resilience that Diligent Media has not matched. The company's flat results in June and negative EBITDA further exacerbate its risk profile, suggesting that investors are wary of its long-term prospects, leading to the current downward pressure on the stock price.