Why is Eastern Treads falling/rising?

As of 19-Aug, Eastern Treads Ltd is experiencing a decline in its stock price, currently at Rs 32.30, which represents a decrease of Rs 2.7 or 7.71%. The stock has underperformed its sector by 7.55% today and has been on a consecutive downward trend for the last two days, with a total return drop of 8.47% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite reporting positive quarterly results with the highest PAT and net sales, the company faces significant challenges, including a negative book value and weak long-term growth, which have contributed to its recent price decline.
In the broader market context, Eastern Treads has underperformed compared to the Sensex, which has gained 1.76% over the past week, while the stock itself has dropped by 5.00%. Over the past year, Eastern Treads has generated a return of -26.59%, contrasting sharply with the Sensex's modest gain of 1.52%. This stark difference highlights the stock's struggles in both short-term and long-term performance, further exacerbated by its high debt levels and negative operating profits, making it a risky investment compared to its historical valuations.