Why is Eastern Treads falling/rising?

As of 17-Sep, Eastern Treads Ltd is experiencing a decline in its stock price, currently at 31.74, reflecting a decrease of 0.26 or 0.81%. The stock has underperformed its sector today by 2.01% and has seen a trend reversal after four consecutive days of gains. In terms of returns, the stock has shown a significant decline of 32.77% over the past year, and it has consistently underperformed against the benchmark BSE500 over the last three years. Additionally, the stock's delivery volume has fallen sharply by 71.85% compared to its five-day average, indicating a decrease in investor participation. While the company reported positive quarterly results with its highest net sales and profit after tax, it also faces challenges such as a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term growth prospects.
In the broader market context, Eastern Treads' short-term performance over the past week shows a gain of 5.80%, which is significantly higher than the benchmark Sensex's increase of 1.56%. However, this short-term gain is overshadowed by the stock's long-term underperformance, with a year-to-date decline of 16.45% compared to the Sensex's rise of 5.83%. The company's weak fundamentals, characterized by negative operating profits and a lack of growth in net sales, further exacerbate the stock's risk profile, making it a less attractive investment compared to the broader market.