Why is Electrotherm(I) falling/rising?

As of 15-Sep, Electrotherm (India) Ltd is experiencing a decline in its stock price, currently at Rs 988.70, which represents a decrease of Rs 58.3 or 5.57%. The stock has underperformed its sector by 5.61% today and has been on a consecutive downward trend for the last two days, resulting in a total return of -6.07% during this period. Despite a strong performance over the past month with a return of 24.91%, the company has faced significant challenges, including negative results for the last four consecutive quarters, a negative book value, and a high debt-to-equity ratio. These factors contribute to a weak long-term fundamental strength, which has likely influenced investor sentiment negatively.
In the broader market context, while the Sensex has shown a modest gain of 1.24% over the past week, Electrotherm's short-term performance has significantly lagged behind, indicating a lack of confidence among investors. The stock's volatility today, with an intraday fluctuation of 5.58%, further reflects the uncertainty surrounding its financial health. Although there has been an increase in institutional investor participation, this has not been sufficient to offset the negative sentiment stemming from the company's poor financial results and high debt levels. Overall, the combination of these stock-specific factors and the broader market dynamics suggests that Electrotherm's stock price is under pressure.