Why is Eastern Treads falling/rising?

As of 19-Sep, Eastern Treads Ltd is currently priced at 29.97, reflecting a decrease of 0.03, or 0.1%. The stock has been underperforming, having lost 6.34% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past week, the stock has declined by 4.77%, and over the past month, it has fallen by 7.21%. Despite reporting positive results on June 25, with the highest quarterly net sales and profit after tax, the company is facing significant challenges, including a negative book value and weak long-term growth, which contribute to its recent price decline.
Broader market context indicates that while the Sensex has gained 0.88% over the past week, Eastern Treads has consistently underperformed against this benchmark, with a staggering 35.93% decline over the past year compared to a slight drop of 0.67% for the Sensex. The rubber products sector has seen a gain of 2.4%, further highlighting Eastern Treads' struggles in comparison. Additionally, the stock's high debt levels and negative operating profits have made it a risky investment, leading to a perception of weakness among investors, which is reflected in the stock's current price movement.