Why is Eastern Treads falling/rising?

As of 10-Sep, Eastern Treads Ltd is currently priced at 30.00, reflecting a decrease of 0.8, or 2.6%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.76%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown significant underperformance against the benchmark, with a 1-week return of -4.28% compared to the Sensex's +1.06%. The company has reported positive results in June, with the highest quarterly net sales and profit after tax, but these positives are overshadowed by a negative book value and weak long-term growth, as evidenced by a decline in net sales and operating profit over the past five years.
In the broader market context, Eastern Treads has consistently underperformed against the benchmark over the last three years, with a one-year return of -32.39% compared to the Sensex's -0.61%. This stark contrast highlights the stock's struggle to attract investor confidence, further compounded by a significant drop in delivery volume, which fell by 33.8% against the five-day average. The company's high debt levels and negative operating profits contribute to its perception as a risky investment, leading to a lack of investor participation and a bearish outlook in the market.